# 🚨
$ETH BREAKING DOWN! 📉
**Current Price: $3,134.20**
*Down from 24h high of $3,168.66*
⚠️ **CRITICAL TECHNICAL SETUP:**
📊 **Moving Averages Screaming Bearish:**
- MA(7): 3,145.65 ⬆️ (Above price)
- MA(25): 3,151.61 ⬆️ (Resistance forming)
- MA(99): 3,121.58 ⬇️ (Next support)
🔥 **The Setup:**
- Price rejected at $3,168 and falling FAST
- Volume spike on the dump (820K vs 591K MA)
- All short-term MAs acting as RESISTANCE
- Testing crucial $3,134 support RIGHT NOW
📉 **Performance Check:**
- 90 Days: **-25.95%** 💀
- 1 Year: **-4.33%**
- But TODAY: +0.25% (for now...)
🎯 **Key Levels to Watch:**
- **Resistance:** $3,151-$3,168 (MA cluster)
- **Support:** $3,087 (24h low - DON'T BREAK!)
- **Next support:** ~$3,050-$3,000 psychological
⚡ **The Verdict:**
Bearish cross forming, price below key MAs, and that 90-day -26% tells the REAL story. We're in a short-term downtrend within a longer consolidation.
**Will $3,087 hold or are we headed to test $3K?**
*This is analysis, not financial advice. DYOR! 🔍*
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