Ethereum ($ETH): Is It Gearing Up for a Bullish Move?
Ethereum is currently trading around $3,100, showing signs of strength but still struggling to break key resistance levels. After a slight correction, the price appears to be stabilizing, which could indicate a potential upward movement.
Technical Snapshot:
Support: $2,950
Resistance: $3,300
RSI: 50 (Neutral)
Volume: Holding steady
Trend: Neutral-to-bullish
My Strategy: Watching for Confirmation
I'm closely watching the $3,300 resistance level. A clean breakout above that could signal a strong upward trend. Until then, I’m accumulating small amounts via DCA (Dollar-Cost Averaging).
Why Ethereum Still Has Huge Potential
Strong Layer 2 growth (Arbitrum, Optimism, etc.)
Ethereum 2.0 upgrades are improving scalability
Still the leading platform for DeFi and NFTs
Growing institutional interest
Caution:
Not financial advice. Always DYOR and never invest more than you can afford to lose.
Your Take?
Do you think $ETH will break $3,300 soon? Or are you waiting for another dip?
Comment your thoughts below!
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