Ethereum Struggles to Break Resistance โ€“ Whatโ€™s Next for ETH? ๐Ÿš€

$ETH is currently trading at $3,215.62, up +3.60% in the last 24 hours, but showing signs of consolidation after hitting resistance at $3,228.99.

Technical Analysis ๐Ÿ“Š

๐Ÿ”ธ Bollinger Bands โ€“ ETH is near the upper band, signaling strong momentum but also the potential for a pullback.

๐Ÿ”ธ RSI (6): 45.01 โ€“ Neutral, indicating no extreme overbought or oversold conditions.

๐Ÿ”ธ MACD: -0.33 โ€“ Weakening bullish momentum, suggesting caution for breakout traders.

Key Levels to Watch ๐Ÿ”ฅ

๐Ÿ”ผ Resistance: ETH must break $3,230 to test $3,280 - $3,300.

๐Ÿ”ฝ Support: If it rejects, watch for a drop to $3,180 and $3,140.

Short-Term Outlook ๐Ÿ”ฎ

Ethereum is in a consolidation phase, waiting for a clear breakout or retracement. A strong push above $3,230 could open the way for a rally, while failure to hold current levels may lead to a short-term dip.

Are you bullish or bearish on ETH? Drop your predictions below! ๐Ÿ‘‡