@blackrooted
ETH lost the $2,900 support and continued lower, confirming short-term bearish structure. The breakdown came after weak consolidation, suggesting sellers are still in control.
📉 Key Levels:
• Immediate Resistance: $2,900 → $2,950
• Major Resistance: $3,050
• Current Support: $2,850
• Next Support: $2,800 → $2,750
🧠Outlook:
• As long as price stays below $2,900, upside moves are likely to be corrective.
• A clean reclaim and hold above $2,950 could open a short-term relief bounce.
• Losing $2,850 may accelerate downside toward $2,800.
Bias: Bearish in the short term, neutral only if ETH reclaims $2,950+.