$ETH ๐: 1-Hour Chart Analysis ๐
Ethereum saw a sharp correction, dropping to $3,020 before bouncing back to $3,190. Bulls are attempting a recovery, but resistance at $3,200 could slow momentum. The MACD is showing a bullish crossover, signaling potential upside, while RSI at 55 indicates improving strength without overbought conditions.
Key levels to watch: A break above $3,220 could send $ETH toward $3,300+, while failure to hold $3,150 may lead to another retest of $3,020 support. Volume remains relatively low, suggesting traders are waiting for confirmation before making big moves.
With Ethereumโs network upgrades and institutional interest growing, the long-term outlook remains strong. Will we see a full recovery, or is this just a dead cat bounce before another drop? ๐ค Let us know your thoughts below! ๐ฌ