#ETHUSDT | #ETH | #Ethereum

Current Price $3182.97

Market Cap $382.81B

Change 1h +1.07% | 24h +2.26%

4-Hourly Indicators:

•  RSI: 63 - Neutral 🟠

•  MACD: 21 - Bullish 🟢

•  EMA: 3086 - Above 🟢

Analysis:

Ethereum is currently in a downtrend, moving towards a crucial support and resistance area at 3350. The chart hints at a bearish continuation if the price fails to break above the descending trend line. Stay cautious and keep an eye on the main trend, traders. Stay safe, Joe.

Price Targets:

If Ethereum fails to break above the resistance at 3350, we could see it dropping to around 2800. Conversely, breaking through 3350 would target the next resistance levels at 3550 and 3700. Happy trading!