$ETH is showing signs of strength with bullish momentum but is approaching critical resistance levels. Traders should monitor the $3,303.00 resistance closely. A breakout above this level could lead to further gains toward $3,337.00 or higher. Conversely, failure to hold above $3,242.50 support could lead to a retest of lower levels like $3,182.00. Risk management is essential at this stage.
Support and Resistance Levels:
Immediate Support: $3,242.50
Next Support: $3,182.00
Immediate Resistance: $3,303.00 (Price struggled to break this level, indicating strong resistance in this zone.)
Next Resistance: $3,337.00 (A break above this could trigger a stronger rally.)
