$ETH Potential Scenarios
1. Downtrend Continuation: ETH could continue falling if it breaks below the support at 3,281.40 USDT, driven by bearish sentiment and declining performance (-4.59%). Traders may look for lower support levels or set stop-loss orders.
2. Short-term Bounce from Support: A rebound might occur if ETH finds support around 3,281.40 USDT, potentially targeting resistance near the moving averages (MA(25) at 3,345.24 or MA(99) at 3,400.65). This scenario is appealing for short-term gains.
3. Recovery to Resistance Levels: Positive sentiment could push ETH towards resistance levels at 3,328.46 or 3,430.00. A cross above key moving averages, coupled with increased buying volume, might signal a trend reversal.
4. Increased Selling Pressure and Panic Selling: If selling pressure intensifies (78.62% sell volume), ETH could face panic selling, breaking below support and triggering stop-loss orders, leading to high volatility and sharp declines.
5. Sideways Consolidation: ETH may consolidate between 3,281.40 and 3,328.46, suggesting low volatility and a range-bound market. Traders could focus on short-term trades within this range.