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$ETH is recovering after a sharp decline, currently trading around $2,961. Price bounced nicely from $2,800 support and broke above key short-term moving averages. However, it faces critical resistance at the $3,000 psychological level. The horizontal trendline and MA99 overhead suggest caution before continuation.
Targets:
TP1: $3,050
TP2: $3,180
TP3: $3,320
Stop Loss: $2,820
The setup favors buyers if $3,000 breaks cleanly with volume. Watch for rejection at resistance, could retest $2,850 support first before the next leg up.
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