$ETH price is currently fluctuating near the 7-period MA, indicating a potential short-term consolidation. If ETH breaks above the 25-period MA, it could trigger further upside momentum.
ETH/USDT is currently in a short-term downtrend but remains bullish on a higher timeframe (90-day & 180-day performance).
A break above $3,195-$3,205 could push ETH higher toward $3,226.
A drop below $3,155 could lead to a further decline toward $3,141.
Trading Strategy:
Bullish traders should wait for a breakout above $3,195 with volume confirmation.
Bearish traders can look for short opportunities if ETH breaks below $3,155.
Support & Resistance Levels:
Resistance: $3,205.06 → If ETH crosses this level, the next resistance is around $3,226.38.
Support: $3,155.78 → If ETH drops below this level, the next key support is around $3,141.13.
