🔹Ethereum: Holding Strong Above $3,4500 – What the Chart Tells Us!

Hey crypto fam! Let's talk Ethereum ($ETH) and why I'm optimistic about its ability to hold the $3,500 mark. Looking at the current Binance chart, there are some key signs that suggest strength.

First off, you can clearly see that after a dip, ETH has found significant support around the $3,500 level. The candles are showing good buying pressure stepping in whenever it approaches this zone, pushing the price back up. This indicates that buyers are actively defending this price point, suggesting a strong psychological and technical floor has been established.

While we've seen some volatility, the overall price action since yesterday's dip has been to consolidate and build a base above $3,500. We also saw ETH touch highs near $3,673, showing it has the momentum to reclaim higher levels. The volume indicators below also suggest healthy trading activity, supporting the current price action.

Of course, the crypto market can be unpredictable, but based on the current chart structure and the clear defense of the $3,400-$3,500 area, it's highly probable that Ethereum will continue to trade above this critical level in the short term. Keep an eye on those support levels, but for now, the bulls seem to be in control of this range!

What are your thoughts? Take a vote below 👇