#AI与GameFi市场表现
Ethereum (ETH) Price Watch: Can it bring new gains?
Ethereum price stabilizes above $3,500 and may soon break through $3,600. It previously fell from $3,685, but the current price is above $3,520 and the 100-hour moving average. There is resistance at $3,600 on the ETH/USD hourly chart.
If it breaks through $3,600, Ethereum may resume its rise. Previously, ETH had broken through the $3,500 and $3,550 resistances, reaching as high as $3,688, and then pulled back, but it is still above $3,520 and the 100-hour moving average. It is currently facing resistance at $3,600 and there is a bearish trend line.
The main resistance levels are $3,650 and $3,680. If it breaks through $3,680, it may rise to $3,750, or even higher to $3,880 or $3,920.
If it fails to break through $3,650, Ethereum may fall back. Initial support is at $3540, and the main support is at $3500. If it falls below this support, it may fall to the Fibonacci retracement level of $3470, and may fall to $3400 or $3350 in the short term.
Technical indicators show that the MACD of ETH/USD has weakened in the bullish area, and the RSI is above the 50 area.
Main support level - $3540
Main resistance level - $3650
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