Market Update for #Ethereum (ETH/USDT)

Current Price: $3,890.32 (+0.30%)
Timeframe: 1-Hour Chart
Support and Resistance Levels

Immediate Support: $3,822

Next Support: $3,800 (Psychological level)
Immediate Resistance: $3,898

Key Resistance: $3,920 and $4,100

Market OutlookShort-term Trend:

Ethereum is currently rebounding after touching the lower Bollinger Band near $3,822.BB Analysis: Price is approaching the middle band ($3,860), which acts as a dynamic resistance. If it breaks above this, there’s a chance for upward movement toward $3,898.Support Zone: The $3,822 level will play a critical role; a breakdown could push ETH towards $3,800.Resistance Zone: Ethereum needs to clear $3,898 for bullish continuation.
Key Levels to Watch

Support: $3,822 and $3,800

Resistance: $3,898 and $3,920

$ETH #Crypto #ALTSEASON #etherreum #Write2Earn!