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📉 #ETHSentimentAndTechnicalPressure | Ethereum Market Update
Ethereum (ETH) is currently facing strong technical pressure, with market sentiment leaning toward caution as price struggles to regain key resistance levels.
🔍 Market Sentiment
Traders remain risk-averse, waiting for confirmation before entering new positions
Weak volume suggests low buyer confidence
Overall sentiment is neutral to slightly bearish in the short term
📊 Technical Overview
ETH is trading below key resistance zones, limiting upside momentum
RSI remains in the neutral to weak range, showing lack of strong buying pressure
Price structure indicates consolidation under resistance
🟢 Key Support Levels
Immediate support: $2,900
Next support zone: $2,750 – $2,600
🔴 Key Resistance Levels
Immediate resistance: $3,150
Major resistance: $3,300 – $3,400
📈 Bullish Scenario A strong breakout and close above $3,150 could improve sentiment and open the path toward $3,400+.
📉 Bearish Scenario Failure to hold $2,900 may increase selling pressure and lead to a deeper correction.
🧠 Outlook ETH remains at a decision point — confirmation is key before expecting a trend shift.
⚠️ Disclaimer:
This analysis is for educational purposes only. Always do your own research.
#ETH #Ethereum #CryptoMarket #ETHAnalysis