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ETH is currently holding the support area, indicating a positive trend.
- There might be some accumulation before the next upward movement.
Recommendation:
- If you missed entering earlier, consider opening a long position at the support area.
Key Levels:
- Support Area: $3640-$3720
- Resistance Area: $3950-$4000
Analysis:
- If ETH breaks out above the resistance area, the next target could be $4100-$4200.
- However, if ETH fails to hold the support area, the next downside target could be $3500-$3600.
Please note that this is a hypothetical analysis and not a real-time market recommendation. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research and consult with a financial advisor before making investment decisions.