$ETH Ethereum (ETH) Price Action: Approaching Critical Support
Ethereum (ETH) is currently trading around $3,115, experiencing a slight dip of 0.77% in the last trading session after encountering resistance near the $3,200 level. The price is now nearing a crucial support zone, ranging from $3,060 to $3,100.
Should ETH find support and rebound from this area, we could see a renewed upward push towards the $3,180–$3,200 resistance. Conversely, a sustained break below $3,060 might signal a deeper correction, potentially bringing the price down to $2,980.
Traders should keep an eye out for a bullish reversal candle forming around the $3,060 mark, as this could indicate a favorable opportunity for a long position.
Trade Setup:
* Entry: $3,070
* Target: $3,180
* Stop Loss: $2,980
