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Crypto Driver

08/03 06:05

Is Ethereum’s support region strong enough to resi

Is Ethereum’s support region strong enough to resist weakening momentum?

Ethereum has dropped into a key support range between $3,458 and $3,490, which previously acted as a strong reversal zone. 

However, the MACD indicator on the daily chart has flipped bearish, with the signal line crossing above the MACD line, suggesting weakening upward momentum.

This divergence between price holding support and momentum fading creates an unstable setup. 

Therefore, unless buyers step in with strong volume, ETH may fail to hold this level. A breakdown below this range could open the door toward $2,906, making this support zone vital for short-term direction.ETHUSD_2025-08-02_10-21-15-768x384.png


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