$ETH price: around $2,570
ETH has faced strong selling pressure, falling about 5โ6% recently. Short-term sentiment is bearish, with support around $2,540โ$2,565. ๏ฟฝ
CoinMarketCap +1
๐ข Support: $2,540โ$2,565
๐ด Resistance: $2,700โ$2,800
๐ Bearish scenario: Break below $2,540 โ possible move toward $2,500
๐ Bullish scenario: Reclaim $2,700 โ potential move toward $2,800+
My view: ETH is currently short-term bearish/neutral. I would watch the $2,540 area closely before expecting a stronger recovery. This is market analysis, not financial advice.#FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #FrenchHillUrgesCLARITYActPassageInLameDuck #BinanceLaunchesBinanceIntelligence
ETH has faced strong selling pressure, falling about 5โ6% recently. Short-term sentiment is bearish, with support around $2,540โ$2,565. ๏ฟฝ
CoinMarketCap +1
๐ข Support: $2,540โ$2,565
๐ด Resistance: $2,700โ$2,800
๐ Bearish scenario: Break below $2,540 โ possible move toward $2,500
๐ Bullish scenario: Reclaim $2,700 โ potential move toward $2,800+
My view: ETH is currently short-term bearish/neutral. I would watch the $2,540 area closely before expecting a stronger recovery. This is market analysis, not financial advice.#FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #FrenchHillUrgesCLARITYActPassageInLameDuck #BinanceLaunchesBinanceIntelligence