Ethereum ($ETH
) is currently trading around $3,494, showing a mild recovery after a sharp pullback from recent highs. While the bounce looks promising on the surface, we’re still in a cautious zone. The price action remains technically bearish unless we see a clean breakout above the $3,520–$3,550 resistance band.
Right now, $ETH is at a crossroads — either buyers take charge and flip resistance into support, or we risk printing yet another lower high, continuing the downward trend. Volume remains modest, so confirmation is key before getting overly bullish.
📍Trade Setup I'm Watching:
Entry: $3,494
Take Profit 1: $3,540
Take Profit 2: $3,580
Take Profit 3: $3,640
Stop Loss: $3,445
I’ll be monitoring closely for strength above $3,520 — a breakout here could open up room for a solid upside move. If it fails, I’ll stay cautious. No room for FOMO in this market.
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