$ETH Bullish and Bearish Scenarios
Bullish Scenario
Resistance Level Breakout: If the price breaks above the current resistance at $3,112, it could signal further upward momentum.
Target Levels:
Immediate Target: $3,134 (recent high).
Next Target: $3,150 (24-hour high).
Extended Target: If momentum continues, ETH could push toward $3,200.
Bearish Scenario
Support Level Breakdown: If the price falls below $3,087 (nearest support), ETH could test the lower support level at $3,065.
Target Levels:
Immediate Target: $3,065 (24-hour low).
Next Target: $3,050 (psychological support).
Extended Target: A fall below $3,050 could trigger a deeper decline toward $3,000.
Conclusion
Bullish Bias: ETH remains positive as long as it holds above $3,100, with potential to test higher resistance levels.
Bearish Bias: A break below $3,087 could signal a short-term correction toward $3,065 or lower.
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