Ethereum Breaks Key Resistance, $3000 Becomes Short-Term Focus
Ethereum (ETH) has recently successfully broken through the previous range, continuing its strong upward trend, and is currently testing the psychological level of $3000. After a brief setback, there was a slight pullback, but the overall daily chart still maintains a three-day bullish pattern, although the bullish candle bodies are gradually shrinking, accompanied by a moderate increase in trading volume, indicating that market buying remains active.
In the short term, the hourly technical indicators show a need for adjustment, but after the pullback, it still possesses upward momentum, with the next key target area looking at $3070-$3220. It is important to note that as the price approaches historical resistance levels, selling pressure from above will gradually increase, making this stage more suitable for holders to take profits in batches rather than blindly chasing higher prices.
Key Price Levels to Watch
Resistance levels to focus on are $3050, $3220, $3330, and $3450;
Support levels to observe are $2750, $2680, $2510, and $2430.
If the market can complete a healthy adjustment around $3000, it will lay the foundation for a subsequent push to higher price levels.
