Technical analysis of Ethereum (ETH) indicates that the market is swinging between upward and downward movements. According to recent analyses, the price of Ethereum is trading at around $3,391.56.

*Key Levels:*

- *Resistance Level*: The level of $3,400 represents an important barrier, and the market has shown difficulty in overcoming it.

- *Support Level*: The level of $3,200 appears to be a strong support level, as buyers show interest in purchasing Ethereum at this level.

*Technical Analyses:*

- *Moving Averages*: The moving averages do not show a clear trend, indicating that the market is swinging between upward and downward movements.

- *Relative Strength Index (RSI)*: The Relative Strength Index shows that the market is in a neutral zone, indicating that there are opportunities for both upward and downward movements.

*Forecasts:*

- *Upward Movement*: If the market can surpass the level of $3,400, it may reach higher levels, such as $3,600 or $3,800.

- *Downward Movement*: If the market fails to surpass the level of $3,400, it may drop to lower levels, such as $3,000 or $2,800 [1][2].

It is important to note that the cryptocurrency market is characterized by high volatility, and prices can change rapidly. Therefore, it is advisable to follow daily and monthly analyses to ensure informed investment decisions.#MyCOSTrade #BinanceAlphaAlert