Ethereum (ETH/USD) Technical InsightsEthereumCRYPTO:ETHUSDHarry_MegatEthereum (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