🔥 Ethereum at $3,500 – What’s Next? 🔍
Ethereum ( $ETH ) just powered through the $3,500 milestone, now holding strong at ~$3,500.10 — up 3.76% daily, 28.9% weekly, and over 32% this month. Momentum is fueled by ETH ETF inflows and surging institutional interest, pushing ETH to a 6-month high.
📊 Technical Snapshot:
• $3,500 now key support after flipping from resistance
• Next resistance: $3,600–$3,800 — eyes on $4,000 if strength continues
• Support levels: $3,450 → $3,400 → $3,200
• RSI: Bullish, not yet overbought
• MAs: Neutral, but short-term MAs crossing up (golden cross brewing)
• Chart Pattern: Bull flag forming — potential breakout setup
• Volatility: Moderate at 5.07%, ideal for swing setups
🎯 Trade Strategy:
• Entry: Buy on breakout above $3,500 or dip to $3,450–$3,480
• SL: ~$3,380 (below support zone)
TP Targets:
• 🥇 $3,600–$3,800 (short term)
• 🥈 $4,000 (psychological magnet)
• 🥉 $4,500+ if ETF narrative builds
🚨Risk: Max 1–2% capital per trade; use low leverage; trail stops
Bearish Alternative: Short below $3,400 → target $3,200 (hedge setup)
Check $BTC breakout as well.
📌 Current technical rating: STRONG BUY across daily, weekly, and monthly timeframes.
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