$ETH

/USDT Technical Analysis

Ethereum (ETH) is currently trading at $3,384.99 (-1.01%), showing signs of a potential breakout. Let’s dive into the key levels and targets to keep an eye on:

Key Observations:

1️⃣ Support Level: $3,280

A crucial support zone that has held strong in recent sessions. If ETH retraces, this level could act as a bounce point.

2️⃣ Resistance Levels:

Target 1: $3,430 🎯

A key short-term resistance. Breaking above this could trigger bullish momentum.

Target 2: $3,500 🎯

A psychological barrier and mid-term target. Closing above this level may indicate stronger buying pressure.

Target 3: $3,600 🎯

A major resistance zone. If ETH reaches here, expect high volatility as traders may look to book profits.

Indicators & Trends:

RSI: Neutral, suggesting balanced momentum but nearing an overbought region.

Moving Averages: ETH is hovering around the 50-day moving average. Crossing above this could signal a bullish trend continuation.

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