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$ETH is experiencing a sharp correction, currently trading at 3,216.12 after failing to hold the 3,350 resistance zone. Price has slipped below short-term moving averages, signaling bearish momentum — but approaching a strong liquidity support zone near 3,150–3,180.
Entry Zone (Long Setup):
3,190 – 3,225
Targets:
TP1: 3,280
TP2: 3,335
TP3: 3,410
Stop-Loss:
3,135
ETH has broken below MA(5) and MA(10), showing continued sell pressure. However, the 3,150 level has historically acted as a strong reversal zone, and the MACD is flattening, hinting at decreasing bearish strength. If bulls defend the 3,180–3,200 range, a bounce toward 3,300 is likely.
Short-term trend: Bearish → Oversold Zone Approaching — Bounce Potential High
