$ETH / $USD - Update A dip down to $2200 is very bullish long term.

$ETH ‌ETH is trading around 2,946 after a strong recovery from the 2,888 low. Price is moving above short-term averages, showing buyers are still active, but momentum has slowed near the recent high. Indicator check Moving Averages: Price is holding around MA support → short-term trend still stable. RSI: Sitting near the middle → balanced market, no exhaustion yet. MACD: Slight bullish momentum, but not aggressive. Volume: Cooling down after the push → normal consolidation phase. Short-term outlook (1H–4H) If ETH stays above 2,930–2,940, a retest of 2,980–3,000 is possible. A break below 2,920 may lead to another check of the 2,880–2,900 demand zone. Higher timeframe view On the broader view, ETH is building a base. Sideways movement here could set up the next move rather than signal weakness. This is my personal market opinion, not financial advice. Trade with your own risk management.

The four-hour chart shows a short-term downward trend, with insufficient rebound momentum. Prioritize waiting for a rebound to open positions; do not chase after declines. The price is under pressure below the 4-hour EMA20 moving average, with MA7 crossing below MA25 in a bearish alignment. OBV continues to decline, indicating genuine selling pressure. RSI is around 41.8, indicating weakness; MACD is below the zero line, with downward momentum dominating. The rebound with decreasing volume is unlikely to be sustained. The price around 3020 is in a downward trend, with a target of 2880#ETH