⚠️ Ethereum is in a key zone: bounce or drop? ⚠️
Analysis:
$ETH is trading around $3,470, after failing to break the resistance at $3,520. The price is moving in a sideways range, and the volume has decreased, which could anticipate a sharp movement.
Indicators show that the RSI is in neutral territory (51), and the 20-period moving average acts as dynamic support.
Key levels:
Resistance: $3,520 and $3,580
Support: $3,420 and $3,350
Decisive zone: If ETH breaks $3,520 strongly, it could quickly rise towards $3,580. A rejection would take the price to test $3,420.
Recommended action:
Possible entry if it breaks $3,520 with volume, with a stop at $3,440. In case of a drop, wait in the $3,350 zone.
