Ethereum Market Insight - #ETH
The daily chart for Ethereum shows a bullish Order Block with a significant amount of chips, which is basically the cost range for most second-entry participants. Therefore, when the price reaches this level, there is strong support that is not easily broken through. The key resistance level is at 3540, which was rejected during the first breakthrough, so there is still pressure from above. It is highly likely that we will see oscillation and accumulation between the daily OB and 3540.
Short-term Resistance: 3653-3725, 3820-3900
Short-term Support: 3000-3150 $ETH