$ETH

Support and Resistance Levels:

Strong Support: At levels (eg. 2900 - 3000 USDT). If the price breaks this support, we may see a bigger decline.

Strong Resistance: At (eg. 3400 - 3500 USDT). If the price breaks this resistance, we may see a new rise.

Technical Indicators:

Relative Strength Index (RSI): If the RSI is below 30, it may be in the oversold zone (potential buying opportunity), and if it is above 70, it may be in the overbought zone (correction opportunity).

Moving Averages (MA): If the price is above the 50-day and 200-day moving average, it indicates an upward trend.

2. Fundamental Analysis

News and Updates: Any developments regarding Ethereum 2.0, regulatory updates, or whale movements can affect the price.

Liquidity and Trading: Trading volume on Binance can reveal traders’ interest and momentum.

3. Sentiment Analysis

If the market is in “extreme fear,” there may be a buying opportunity, while if it is in “extreme greed,” a correction may be imminent.

General Expectation:

If the price continues to hold above the support level, we may see a rally towards the next resistance.

If the support is broken, the price may head lower in search of new stability.