Technical Analysis of Ethereum (ETH)

📊 Current Market Situation: Ethereum (ETH) is trading around $4,000, showing a slight decline of 0.29% over the last 24 hours. Trading volume remains stable, indicating consolidation after a recent rise.

🔍 Key Support and Resistance Levels:

Support Level: $3,950 — the area where buyers actively enter the game.

Resistance Level: $4,050 — the mark where sellers put pressure on the price.

📌 Potential Scenarios:

1. Bullish Scenario: A breakout above $4,050 may lead to a rise to $4,200, especially with increased trading volumes.

2. Bearish Scenario: A drop below $3,950 will open the way to support at $3,800, signaling short-term weakness.

📉 Risks:

Negative macroeconomic factors, such as rising interest rates.

Possible volatility due to regulatory changes.

💡 Conclusion: Ethereum shows signs of consolidation, and the market is awaiting the next significant move. It is recommended to monitor trading volumes and breakouts of key levels to determine the short-term trend.

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