Price: ~ $3,615 USD (for ETH) at time of writing.
One-day price range: approx $3,456 → $3,647 USD.
Technical sentiment: On the daily chart, many moving averages (MA5, MA10, MA20, MA50, MA100, MA200) are signalling “Buy” according to one real-time summary.
At the same time, a broader technical summary lists the overall signal for daily timeframe as “Sell” on some platforms (owing to caution).
🔍 Key Technical Levels & Signals
Support zones to watch:
The ~$3,500 region (roughly where MA50 & MA200 sit) is acting as a strong support cluster.
If price falls below ~$3,300–3,400, then downside risk increases significantly.
Resistance zones to monitor:
The ~$4,000 USD mark remains a significant hurdle for bulls. Several reports note ETH “failed to sustain above $4,000” recently.
Further upside above ~$4,235 could open targets toward ~$5,100 in more bullish scenarios.
Other observations:
RSI (14-day) is ~63, which is above neutral, indicating some bullish momentum but not extremely overbought.
Volatility appears modest: Average True Range (ATR) is lower relative to some recent periods.
On-chain accumulation by large holders (“whales”) is elevated — a bullish structural signal.
✅ Short-Term Outlook
Bullish scenario: If ETH holds above the ~$3,500 support and breaks above ~$3,800–$4,000 with volume, we could see a push toward ~$4,200-$4,500.
Bearish scenario: If
$ETH fails to hold support around ~$3,500 and drops decisively below ~$3,300, then a retest of ~$3,000 or lower becomes more probable.
Probability leaning: Given current momentum and accumulation signals, leaning modestly toward the bullish scenario — but key levels must be respected. Risk remains non-trivial.
🧭 What to Keep an Eye On
Break or rejection at ~$4,000 — will signal which direction next.
Whether volume and momentum confirm a breakout or breakdown.
External macro / crypto-sentiment factors (regulation, ETF flows, network upgrades) that often impact ETH.
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