$ETH has broken through resistance, now trading at $3,041.74, marking a notable 3.82% gain in the last 24 hours. With a high of $3,058.77 and a low of $2,915.80, it's clear the market is seeing heightened activity and volatility
The current trading volume on Binance shows strong interest, as ETH is gaining momentum, trading above the 7, 25, and 99-day moving averages
The 15-minute chart indicates a potential bullish trend, with the price recently bouncing off support around $2,990.58 and recovering steadily
The recent volume surge signals heightened demand, pushing ETH towards another resistance level
If this momentum sustains, Ethereum could challenge the next target above $3,059.15. Keep an eye on the buy and sell pressure; with today's gains of 2.78% and a robust yearly growth of 51.94%, ETH is displaying resilience and potential for further upside
Traders should stay alert, as this breakout could lead to a larger rally if confirmed by consistent buying volume