$ETH Market Update: Momentum Rebuilding

Current Price: $3,431.96 (+2.61%)

• 24h High: $3,445.73

• 24h Low: $3,252.00

Key Moving Averages:

• MA(7): $3,416.83 (short-term support)

• MA(25): $3,349.75

• MA(99): $3,389.41 (critical pivot level)

Market Observations:

Ethereum has bounced back strongly from its $3,252.00 low, reclaiming ground above the MA(99) level, signaling renewed upward momentum. Currently consolidating near the resistance zone, ETH is eyeing a potential breakout.

Volume Analysis:

Volume is picking up, indicating increasing interest and activity, which may fuel further gains if sustained.

Key Levels to Watch:

• Support: $3,389.41 (MA99)

• Resistance: $3,445.73 (24h High)

Outlook:

ETH is showing promising signs of recovery. A decisive close above $3,445.73 could pave the way for further upside. Keep an eye on volume and momentum as the next move unfolds.

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