$ETH Got it — this is an ETH/USDT 15-minute chart (Binance). I’ll break it down clearly and practically.

📊 What the chart is showing

Current price: ~2,951

Intraday move: +3.29%

Impulse high: ~2,984

Structure: Strong push up → short consolidation

🔍 Technical read

1. Trend

Clear short-term bullish trend.

Strong impulsive move from ~2,812 → 2,984, followed by sideways movement.

This looks like bullish consolidation, not weakness.

2. Support & Resistance

Immediate support:

2,930–2,940 (previous consolidation zone)

Stronger support:

2,900–2,917

Immediate resistance:

2,980–3,000 (psychological + recent high)

3. Candlestick behavior

Small-bodied candles after the pump = market cooling, not dumping.

No strong bearish engulfing or rejection yet.

Indicates buyers are still in control, but momentum is pausing.

4. Order book

~69% sell pressure vs 31% buy

This usually means:

Short-term profit taking

Not necessarily trend reversal unless support breaks

Scenarios to watch

Bullish continuation

If ETH holds above 2,930

Break and close above 2,980

Next targets: 3,020 → 3,080

Bearish pullback (healthy)

Loss of 2,930

Likely retest of 2,900–2,917

As long as 2,880 holds, trend remains bullish

Trading note

Chasing longs here is risky.

Better entries:

Pullback to support

Or clean breakout above 3,000 with volume

If you want, tell me:

Spot or futures?

Scalping or swing trade?

Risk level (low / medium / high)?

I can give you an exact entry, stop-loss, and target plan based on that.