Ethereum (ETH) just touched $3,152.53 on Binance after a strong bullish move, breaking out from earlier consolidation zones. The price is currently holding at $3,114, showing short-term selling pressure after the recent peak — but the overall trend remains positive for now.
📊 Technical Snapshot:
RSI(6) is at 38.32, indicating the asset is cooling off after a strong push. Momentum has weakened, suggesting the bulls may be taking a breather.
MACD is at -4.79, with the histogram showing decreasing green bars — a bearish crossover is forming, which could signal further short-term downside if selling continues. $ETH
Volume has tapered off after the spike, showing less enthusiasm following the local high.
📈 Key Levels to Watch:
Resistance: $3,152
Support: $3,078 and $3,036
🔥 My Take:
ETH just made a sharp move but is now facing some rejection. If it holds above $3,078 and regains bullish volume, we could see another test of $3,150+. However, watch out — the MACD and RSI suggest a short cooldown may be underway. This could offer a dip-buy opportunity for swing traders.