#BIOOnBinance Mixed Signals for $ETH, But the Long-Term Trend Is Bullish

The Average Directional Index (ADX) and Stochastic RSI suggest a weak trend for $ETH. This means that even if $ETH were to step on the path of recovery, returning to its peak will take time.

However, the Moving Average Convergence Divergence (MACD) indicator is assuredly bullish, and so are the moving averages.

Yesterday, bulls briefly drove $ETH to $3,499, but the token bounced back to $3,440. Now, $3,500 is a critical psychological resistance level ETHmust clear to strengthen the bullish trajectory.

If ETH fails to break above the $3,500 zone, it may find support at $3,420. The next support line sits at the 50% Fibonacci retracement level of $3,310.

Luckily for the Ethereum community, tokens on the network are thriving. Department Of Government Efficiency (DOGE), Hoppy ($HOPPY), Apu Apustaja ($APU), Neiro Ethereum ($NEIRO), and Pikaboss ($PIKA) are among the top meme coin gainers today.

Ethereum’s popularity as a meme coin network drives consistent demand for ETH. This means $ETH’s recovery is a matter of ‘when,’ not ‘if.’