$ETH Potential Scenarios
Bullish Scenario
1. Resistance Breakout: If ETH breaks above the 24-hour high of $3,149.71 with significant volume, it could trigger a bullish rally, targeting the next resistance zone around $3,200–$3,250.
2. Support Rebound: If the price sustains above the $3,080 support level (current price area), buyers may step in, pushing the price towards the moving average levels (e.g., MA(7) at $3,071.86 or MA(25) at $3,107.52).
Bearish Scenario
1. Support Breakdown: If ETH fails to hold the $3,080 level and breaks below the 24-hour low of $3,042.93, the price could test lower support zones around $3,000 or $2,950.
2. Weak Volume Recovery: If the recovery attempt lacks sufficient trading volume, the price might face selling pressure near the $3,100–$3,120 zone and reverse downward.
