$ETH is bouncing back from support, trading slightly above the 99-day MA, and showing early bullish MACD signals. If ETH fails to break above $3,264.94, it may face resistance and pull back toward $3,213.80.
Trading Strategy
Bullish Scenario: A breakout above $3,264.94 could push ETH toward $3,283.43 and higher.
Bearish Scenario: If ETH fails to hold $3,229.24, it may retest $3,213.80 or lower.
Support and Resistance Levels
Resistance Levels:
First Resistance: $3,264.94 (previous high near the moving average)
Second Resistance: $3,279.50 (recent peak)
Major Resistance: $3,283.43 (24H high)
Support Levels:
First Support: $3,229.24 (recent pullback level)
Second Support: $3,213.80 (lowest point in the recent dip)
Major Support: $3,211.39 (near previous low)
