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$ETH ETH – Short Market View
ETH saw a sharp sell-off from the top and quickly found support. After that drop, price is now moving sideways, showing signs of stabilization rather than continued weakness.
Key levels
Support zone: 3040 – 3060
Resistance area: 3200 – 3250
Structure: Bounce from support, slow recovery phase
Multi-timeframe view
1H: Selling pressure has eased. Price is holding higher lows, which suggests buyers are stepping in.
4H: Trend is still under pressure, but as long as ETH stays above the support zone, downside looks controlled.
Momentum check Momentum was strongly negative during the drop and is now recovering. This usually signals that panic selling is done and the market is trying to find balance.
Possible scenarios
Holding support → gradual move toward 3150 – 3200
Strong rejection near resistance → range movement
Losing support → another test of lower levels
This is my personal market view based on price action and momentum, not financial advice. Always manage risk and trade responsibly 📊