$ETH is trading at $3,579.12, showing a modest increase of +0.10% over the last 24 hours. After reaching a 24-hour high of $3,684.92, the price has retraced slightly but remains above critical support levels.
Key Levels:
• Resistance: The recent high at $3,684.92 serves as a crucial resistance. Breaking this could push ETH toward the $3,700-$3,750 range.
• Support: The 99-hour MA at $3,453.53 is a strong support level. A breakdown below this level could lead to further consolidation around $3,400.
Moving Averages:
• MA(7): $3,564.09 indicates short-term momentum is stabilizing after a brief correction.
• MA(25): $3,602.78 acts as a local resistance; a close above this could reignite bullish sentiment.
Volume: The 24-hour trading volume stands at 648,064 ETH, indicating healthy market activity. However, a sustained increase in volume is needed for ETH to challenge higher resistance levels.
Outlook:
ETH is consolidating after its recent rally. A breakout above $3,684 could trigger bullish continuation, while a failure to hold $3,453 support may lead to further corrections. Traders should watch for Bitcoin’s price movement, as it often influences ETH’s trajectory.
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