📈LONG: $ETH (1D)

#ETHUSDT | #ETH | #Ethereum

Current Price $3224.35

Market Cap $388.97B

Change 1h -3.40% | 24h -6.78%

Daily Indicators:

• RSI: 39 - Neutral 🟠

• MACD: -27 - Bearish 🔴

• EMA: 3493 - Trading Below 🔴

Analysis:

ETH is eyeing a potential bounce as it approaches the marked support zone for a second time. The chart shows important action around the $3,106 level, suggesting it's a crucial support to watch. Patience might pay off if entry around this level holds strong.

Price Targets:

If the bounce occurs, look for a move toward $3,750, with a bullish target stretching to $4,111. Traders might focus on $3,320 as a potential pivot point for trend confirmation. Keep an eye on these levels for exciting moves!