š Ethereum Showing Strong Momentum!
$ETH just bounced from $3,625 and is already testing $3,645, pushing upward with strong momentum.
š Key Levels & Market Dynamics:
Support remains around $3,600, with critical defense near $3,550, while resistance sits at $3,675 ā $3,700. Volume surged to $13.35B in the last 24h, with recent short liquidations near $3,625 fueling the upward move.
š Indicators Flashing Bullish:
ETH continues holding above the 50 MA, while reclaiming the 21 EMA, signaling renewed strength. Open interest is climbing, showing fresh long positions entering the market.
If ETH breaks $3,700, the next target could be $3,750. A healthy retrace may occur before continuation.
Watch volume and key zones. Trend looks strong, but volatility is in play.
