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$ETH /USDT and this whole move is turning into a real pressure wave. They’re losing momentum right after failing to hold above 3080 and we’re seeing price slip straight under every short-term MA. If it becomes a clean breakdown under 3000, the next flush can hit fast.
Right now ETH is fighting around 3011 and the candles are showing strong sellers stepping in. MA5, MA10, MA30 are all bending down together which shows real weakness building. MACD is deep in the red and widening, a sign the downside pressure isn’t done yet.
Vol spikes are showing sellers taking control and buyers stepping back. If ETH can’t reclaim 3080 quickly, this drop can stretch toward 2970 and even 2940.
$ETH #TopGainersInADownMarket #FOMCMeetingMinutesComingUp #DecemberRateCutForecast #DecemberRateCutForecast