$ETH
ETH/USDT: Buy or Sell Now?
Ethereum trades at $3,191.12, up +3.70% in 24h but down -5.45% over the past week. Critical technical levels suggest a pivotal moment:
- Resistance: Middle Bollinger Band at $3,279.20.
- Support: Lower Bollinger Band at $3,118.63.
The order book shows 99.22% bids—extreme buy-side interest—but low volume ($1.50B vs. historical averages) hints at fragile momentum. While bids could drive a bounce, failure to breach $3,279 risks a drop toward $3,118.
Short-term traders: Sell now to lock profits; set stop-losses below $3,100.
Long-term holders: Hold, but wait for a confirmed break above $3,280 to add positions.
Caution prevails—ETH’s direction hinges on reclaiming $3,279. Trade defensively.