$ETH ‌ETH Market Update (1H View)

ETH just had a sharp drop after failing to hold the 3.05k zone. Price slipped down toward the 2.81k area, showing strong selling pressure in the short term.

What the indicators are showing:

MA/EMA: All the moving averages turned downward, meaning momentum is still weak.

BOLL: Price broke below the mid-band, leaning toward lower volatility support.

MACD: Still in bearish zone, sellers are in control.

RSI: Oversold range, so a short pullback can happen anytime.

Short-Term Possibility:
If ETH stays above 2.80k, a small bounce toward 2.88k – 2.95k is possible.
But if it breaks below 2.80k, the next support sits near 2.76k.

Mid-Term View:
As long as ETH stays under 3.00k, the trend is still weak. A recovery will only look stronger if it closes above 3.05k again.

This is just a personal view, not financial advice.