$ETH Potential Scenarios 🧐
🚀 Bullish Outlook:
ETH/USDT is showing hints of a bullish reversal! With short-term moving averages (MAs) trending upward, there’s optimism in the air. To solidify this momentum, ETH must break through $3,101.00 and the key resistance at $3,159.20. If it stays above the 99-period MA, it could retest the 24-hour high and possibly soar higher.
📉 Bearish Outlook:
If ETH struggles to hold above the 99-period MA at $3,090.49 and drops below the 7-period and 25-period MAs, a bearish reversal might be in play. This could push ETH back to test support near $3,029.41.
🔑 Support and Resistance Levels:
Immediate Support: $3,029.41 (24-hour low and strong support).
Key Support: $3,090.49 (99-period MA).
Immediate Resistance: $3,101.00 (recent high).
Major Resistance: $3,159.20 (24-hour high).
💡 Pro Tip: Keep an eye on volume and RSI to confirm momentum strength.
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