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Ethereum Price Analysis: It has been struggling near the $3,500 resistance level recently, but it remains above the 100-hour SMA, showing upside potential.
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Key Resistance Levels: Ethereum faces resistance around $3,500, and $3,450 needs to be watched in the near term. Above it are important resistances at $3,640 and $3,750.
Support Level Analysis: Ethereum's key support levels include $3,380, $3,350, $3,270, $3,220, and $3,150, and these levels need to be watched in the short term.
Trends and Technical Indicators: An upward trend line is formed on the hourly chart, with support at $3,375. However, MACD loses momentum and RSI is below 50, so caution is needed.
Price Trend Forecast Test: If the closing price of Ethereum is higher than $3,500, it may rise to $3,550, $3,640, and has the potential to reach $3,750. On the contrary, if it fails to break through $3,450, it may slide to the support levels of $3,350 and $3,270.
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After the market fell sharply, Caishen also ambushed some potential coins that are ready to explode.
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