ETH Momentum Fades — Pullback Toward 3245 Expected

📉 Ethereum Analysis — Pullback Setup Triggered

Ethereum has completed a sharp breakout above the previous consolidation range, pushing into the 3,350–3,365 resistance zone, but momentum has now slowed. Price is forming a potential M-top rejection, signaling a short-term reversal.

🔍 What the Chart Shows

Breakout from major accumulation range (left box).

Rising wedge / steep channel showing exhaustion at the top.

Current sideways mini-range showing loss of bullish pressure.

Ichimoku cloud below, aligning with the retest zone.

Arrow points toward the 3,245 support, which is the next high-probability retracement level.


📉 Short-Term Bias: Bearish Retracement

If ETH continues rejecting around 3,350–3,360, a clean drop into the 3,245 zone is likely as price fills the imbalance and retests cloud support.

📌 Key Levels

Resistance: 3,350 – 3,365

Immediate Support: 3,300

Main Target: 3,245

Breakout Origin: 3,110 zone


🎯 Overview

Momentum has cooled, buyers are losing strength, and structure hints at a corrective move. Expect ETH to dip before any fresh bullish continuation.