🟣 Ethereum Holds $2800 – Is $3200 the Next Target?
Ethereum (ETH) is showing resilience as it continues to hold the $2800 support level, a key zone watched closely by both bulls and bears.
🔍 Technical Overview:
Support: $2800 has acted as a solid floor over the past few days.
Resistance: The next major resistance zone lies near $3200, a level ETH tested in March.
Indicators:
RSI: Hovering around 50, suggesting potential for upward movement.
MACD: Nearing a bullish crossover on the daily chart.
Volume: Gradual increase in buying pressure seen during dips.
📈 Price Projection: If ETH continues to close above $2800 with increasing volume, a breakout toward $3000–$3200 could be on the table. A clean move above $3200 may open the path to $3500, but that would likely require strong bullish momentum or positive macro/ETF news.
🧠 What to Watch:
Bitcoin’s trend around $109700
U.S. inflation data this week
Any developments on ETH spot ETFs
⚠️ As always, this is not financial advice. Crypto markets are highly volatile. Manage risk and use proper stop-loss levels.
Boom 💥💥💥💥💥💥
