$ETH Market Analysis
Current Price: $3,532.57
24h Change: -0.75%
24h High / Low: $3,594.33 / $3,405.24
24h Volume: 540,275 ETH (~$1.88B USDT)
📊 Technical Overview (4H Chart)
After hitting a local top near $4,253, ETH saw a deep correction down to $3,057, where it formed a strong support base. Since then, Ethereum has been recovering steadily, printing higher lows, which indicates buying interest returning.
Currently,
$ETH is consolidating near $3,530, right below the $3,600 resistance zone. A clean breakout above this level could trigger the next bullish leg.
🔍 Key Technical Levels
Support zones:
🟢 $3,400 – $3,300 (strong demand zone)
🟢 $3,050 (major support bottom)
Resistance zones:
🔴 $3,600 – $3,780
🔴 $4,050 – $4,250 (major breakout zone)
Moving Averages (MA):
MA(5): $72,244 (showing short-term recovery)
MA(10): $90,809 (still above price, slight bearish bias but flattening)
If the MA(5) crosses above MA(10), it could confirm a short-term bullish reversal.
🧠 Market Sentiment
Ethereum remains fundamentally strong with continuous Layer 2 adoption, DeFi growth, and
$ETH staking activity rising.
The 7-day performance is +6.99%, showing momentum is building up again after a period of correction.
📈 Trading Signal (Swing Setup)
Buy Entry (Long): $3,500 – $3,540
Target 1: $3,780
Target 2: $4,050
Stop-Loss: $3,380
Risk/Reward: ≈ 1:2.5
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