Ethereum has shown significant growth, reaching $3,396 today. Will it sustain this upward momentum and break the $3,500 mark soon? Share your insights and strategies for ETH trading in the comments below!
Current Analysis:
Price: $3,396 (+5.45%)
Resistance Level: $3,420
Support Level: $3,187
Technical Indicators:
RSI is showing a bullish trend at 70.95, suggesting ETH might be slightly overbought.
EMA20 ($3,345.69) is catching up with EMA50 ($3,375.41), signaling strong upward momentum.
Potential Scenarios:
1. If ETH crosses $3,420, we could see a move towards $3,600. Ideal buying point: $3,350-$3,370.
2. A drop below $3,187 might open opportunities to re-enter at lower levels, possibly around $3,150.
What’s Your Move? Are you buying, holding, or waiting for the next dip? Let’s discuss in the comments!
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