What’s your take on Ethereum’s next move? Will ETH break $3,400 or test lower levels? Are you bullish or bearish on Ethereum today? Let us know your predictions in the comments below!
Key Observations:
1. Current Price: $3,241.30 (-1.81%)
2. 24-Hour High/Low: $3,448.00 / $3,200.61
3. Volume (24H): 126,922 ETH
Technical Indicators:
EMA 20: $3,342.68 Ethereum is trading below its 20-day exponential moving average, indicating short-term bearish pressure.
EMA 50: $3,378.10 This is the critical resistance level Ethereum needs to break to regain upward momentum.
RSI (14): 45.04 The RSI is hovering in neutral territory, showing neither strong overbought nor oversold conditions.
MACD: -2.10 The MACD remains bearish, hinting at a potential continuation of the current downtrend.
Key Levels to Watch:
Support Levels:
$3,200.00: Strong psychological support.
$2,950.00: The next major support zone if bearish momentum increases.
Resistance Levels:
$3,378.00: Short-term resistance.
$3,434.00: Critical resistance to confirm bullish momentum and target $3,500.
ETH Outlook:
If Ethereum holds the $3,200 support, a rebound toward $3,400 is possible.
Failure to hold $3,200 could result in a drop to the $2,950 region.
Hashtags to Boost Engagement:
#Ethereum #CryptoAnalysis #ETHPricePrediction #Blockchain #Altcoins #CryptoNews #ETHUSDC
Let’s discuss: Do you think Ethereum is a buy at current levels, or should traders wait for a breakout? What’s your strategy for ETH in today’s mar
ket? Share your insights and join the conversation!