🚨 $ETH Critical Turning Point: Breakout or Pullback?
Ethereum is currently trading at $3,877.89, recovering from a low of $3,803.63 earlier today, showing a strong rebound. However, it faces significant resistance near $3,908, which has capped recent price movements. Traders should keep a close eye on this level: a breakout above $3,908 could ignite strong bullish momentum, potentially driving ETH towards $4,031 (the 24-hour high) or higher. On the downside, if ETH fails to maintain above $3,835, a pullback toward $3,798 is likely, indicating potential weakness. The RSI is trending upwards, and the strong green candles reflect growing buying interest, presenting opportunities for both long positions on a breakout and short entries on rejections. Trade carefully, set tight stop-losses, and watch for volume confirmation to capitalize on profitable moves.
