Ethereum (ETH/USD) Technical InsightsEthereum (ETH/USD) Technical Insights
**Chart Overview**
* **Current Price**: \~\$3,631
* **EMA 7 (Red Line)**: \$3,720.80
* **EMA 21 (Blue Line)**: \$3,522.96
* **Key Support Zone (Pink area)**: \~\$3,600–\$3,650
* **Support 1 (S1)**: \~\$2,950
* **Support 2 (S2)**: \~\$2,500
* **Uptrend Line**: Still intact, but under pressure
**Technical Insights**
* **Price Breakdown**: ETH has dropped below the **EMA 7**, and is now testing a **critical horizontal support zone** around **\$3,600–\$3,650**.
* **Trendline**: Still holds, but ETH is **hovering just above it**, signaling a potential bounce or breakdown.
* **EMA 21** near \$3,522 is the next short-term support if \$3,600 fails.
* **Momentum**: Recent candles show **strong selling**, indicating weakness, but no full breakdown yet.
**Bullish Scenario**
*Conditions**:
* Price **holds above** \$3,600–\$3,620 zone and the **trendline**
* **Bounce** with bullish daily candle from current zone or above \$3,650
**Buy Setup**:
* **Entry**: \$3,620–\$3,650 on confirmation
* **Stop-loss**: Below \$3,520 (just under EMA 21)
* **Targets**:
* TP1: \$3,720 (reclaim EMA 7)
* TP2: \$3,850–\$3,940
* TP3: \$4,100+
**Bearish Scenario**
**Conditions**:
* Price **breaks below** \$3,600 and **the trendline**
* EMA 21 is lost with strong bearish candle
**Sell Setup**:
* **Entry**: Below \$3,580 on breakdown
* **Stop-loss**: Above \$3,650
* **Targets**:
* TP1: \$3,520 (EMA 21)
* TP2: \$2,950 (S1)
* TP3: \$2,500 (S2)
**Bias: Neutral with Bearish Lean**
* **Decision Zone**: ETH is at a key inflection point
* Wait for **confirmation**: bounce or breakdown before entering
