$ETH 🚀 ETH rose by 1.28% to $1,614.92 – Bullish or correction? 📈

ETH price at $1,614.92, volatility 2.92% over the last 24 hours! Support at $1,600, resistance at $1,631. MACD is bullish, but the market is still 'fearful' (Index 32). 💡 Tips: Scalping $1,610–$1,650, stop-loss at $1,590. Be cautious with OJK and MiCA regulations! What is your strategy? 📊 #ETH #CryptoUpdate #Trading @BoldCompass

Ethereum shows solid performance with a 1.28% rise against a volatile market. Fundamental indicators for ETH remain strong due to the DeFi ecosystem and the adoption of blockchain technology. However, a correction might be possible in the short term if it fails to hold above $1,600, especially considering that market sentiment is still 'fearful'. I am optimistic in the long term, but traders must be disciplined in risk management. A sharp increase in trading volume is a positive sign, but remain cautious of external factors.