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$ETH Quick Analysis:
Ethereum pulled back after failing to close above the 50-day EMA at $3,280. After dropping 7.6% over the weekend, ETH is now trading sideways around $3,100.
Key Levels:
Support: $3,017 (if broken, next target ~$2,749)
Resistance: $3,280 (50-day EMA)
Technical outlook:
Daily RSI: 49 — slipping below neutral, hinting at potential downside.
MACD: Lines converging — risk of bearish crossover.
Scenario:
Bearish: Close below $3,017 could trigger further pullback.
Bullish: Recovery above $3,150 may lead to a retest of $3,280.
ETH remains at a critical decision point — cautious trading recommended.