📈LONG: $ETH (1D)

#ETHUSD | #ETH | #Ethereum

Current Price $3519.30

Market Cap $422.75B

Change 1h -0.10% | 24h -1.08%

Daily Indicators:

• RSI: 46 - Neutral 🟠

• MACD: 6.35 - Bullish 🟢

• EMA: 3577 - Below 🔴

Analysis:

Ethereum is approaching a key support area at $3,100 in an uptrend correction phase. This level has previously acted as both support and resistance, making it a crucial point to watch. Traders, keep an eye out for a potential bounce back, and trade with caution.

Price Targets:

If Ethereum holds the support at $3,100, look for a potential rally with targets at $3,800 and $4,200. On the downside, if it breaks below $3,100, the next support level could be at $2,800. Happy trading, and remember to stay alert!$ETH $BTC #DYOR