Current price: $3,611 (-2.92% today).
🔥 Quick Technical Outlook: $ETH
- Resistance: $3,600, then $3,800 .
- Support: $3,480, then $3,350 .
- Indicators:
- RSI at 42.8 (neutral with a selling bias).
- A false breakout above $3,600 may trigger a short correction.
🎯 Daily Trading Recommendations:
1. Entry Points:
- Buy at: $3,480 (support test) or after breaking $3,600 with a one-hour close above it.
2. Profit Targets:
- Level 1: $3,600 .
- Level 2: $3,800 .
3. Stop Loss: $3,420 (capital protection).
> 💡 Immediate Forecast:
> ETH's success in holding above $3,600 may open the door for a rise towards $4,000 with support from institutional ETF flows. However, failure and breaking $3,480 reinforces the short bearish scenario.
❓ In conclusion:
"Do you think institutional support for Ethereum ETF will push the price to test $3,800 today? Share your predictions! 👇"
