#🚨 #ETH Market Analysis — Trading at $2,921

#Ethereum has broken below its major support zone and is now trading around $2,921, signaling a clear shift toward bearish momentum. This drop confirms that buyers failed to hold the $3,150–$3,300 range, which has now turned into a strong resistance area.

📉 Support Zones to Watch:
• $2,900 — immediate support and psychological level
• $2,830–$2,860 — strong historical demand zone
• $2,750 — key macro support if bearish pressure continues

📈 Resistance Levels:
• $3,050 — first rejection zone
• $3,150 — major resistance, must be reclaimed for trend reversal
• $3,300 — heavy resistance and trend-break level

🔎 Market Structure:
ETH is forming lower highs and lower lows, confirming a bearish trend. Volume favors sellers, and the price is moving below its 20-day moving average. However, RSI is approaching oversold territory, which means a short-term rebound is possible if buyers defend the support area.

💡 What to Watch Next:
• Reaction around $2,850–$2,900
• Volume on any bounce
• BTC’s momentum (direct impact on ETH trend)
• Break or rejection at $3,050

📌 Final View:
ETH remains under pressure, but it’s approaching a key support zone. A strong bounce from this area can create a short-term recovery, while a breakdown could push ETH deeper toward $2,750. Trade with confirmation and avoid chasing the market.#NonfarmPayrollsBeatExpectations