ETH finally hovers in a fairly weak area this weekend. I see the price action is still stuck below 2800, as if there’s no strength for a breakout. The market momentum is really sluggish right now.



From the daily chart, the main support level is around 2770. If ETH drops further and tests this level then bounces back up, it might be worth trying a small long position. But be careful, because if it breaks below support and the 4-hour MACD starts crossing bearish, the downward momentum could become even deeper.

So for now, I’m watching closely. Support levels to watch: 2765, 2737, 2718. Resistance above: 2864, 2890, 2910. Let’s see what happens next.
ETH1,86%
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