$ETH Ethereum ($ETH) Shows Strong Bullish Momentum š„
On the 1-hour chart, $ETH reached a peak of $3,664 before pulling back near $3,600, maintaining its position above the 50 EMAāan indicator of a short-term bullish structure. However, the MACD is showing signs of weakening momentum, and the RSI is nearing overbought levels, suggesting a potential cooldown or sideways movement.
š¹ Key Support: $3,490
š¹ Immediate Resistance: $3,664
If bulls can hold the $3,600 level, a retest of $3,664 or higher is still on the table. Consolidation around this zone could set the stage for the next breakout opportunity. Keep an eye on this level for potential entry points! š #AltcoinMomentum $ETH
