@blackrooted
Current Price: $2,930
After failing to hold above the $3,100–$3,150 area, ETH faced a strong sell-off and is now consolidating near the $2,900–$2,930 zone. Price action suggests short-term stabilization, but momentum remains weak.
📈 Key Levels:
• Major Resistance: $3,050 → $3,150
• Near-Term Resistance: $2,980 → $3,020
• Major Support: $2,900 → $2,850
• Neutral Range: $2,900–$3,050
🧠Outlook:
• A clean break and hold above $3,020–$3,050 could trigger a relief bounce toward $3,150.
• Failure to defend $2,900 increases the risk of a deeper pullback toward $2,850.
Bias: Neutral to slightly bearish, until ETH reclaims $3,050 with strong volume.
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