#BinanceAlphaAlert #ETH
Ethereum is currently testing a critical resistance zone around $2,790–2,800, which aligns with its 200 day MA and weekly range highs. A decisive breakout above this range could propel ETH toward $3,000, and analysts see possible extensions into the $3.3–3.4k range.
On the downside, support sits in several sturdy zones. Initial support lies at $2,600–2,560, underpinned by the 50 and 100 day SMAs. A drop beneath $2,462–2,480 could trigger a deeper pullback toward $2,326–2,400.
Momentum indicators signal optimism in the short term: bullish EMAs, a rising DMI, and a high RSI (~76) suggest strength, but overbought conditions warn of potential consolidation.
Trade strategy: Consider buying on a confirmed breakout above $2,800, targeting $3,000–3,300, with stop-losses set below $2,600. Conversely, short-term traders may look to fade the upside if resistance holds firm.