@blackrooted
ETH urrent Price: $2,828.42
Ethereum experienced a sharp rejection from the $3,050β$3,100 zone, resulting in a strong selloff candle pushing price back below the psychological level $2,900. This drop signals rising selling pressure after failing to maintain higher levels.
π Key Levels
β’ Major Resistance: $2,900 β $3,050
β’ Major Support: $2,750 β $2,680
β’ Neutral Zone: $2,780β$2,900
π Outlook
β’ If ETH can reclaim and hold above $2,900, the path toward another retest of $3,050 reopens.
β’ If price continues to struggle below $2,900, there is increased risk of a corrective move toward $2,750, and potentially deeper toward $2,680 if momentum weakens further.
π― Bias:
Neutral β Bearish, as long as ETH remains below $2,900 and fails to regain momentum.
β οΈ Todayβs strong selloff candle is a key signal β bulls need a recovery bounce soon to avoid further downside continuation.