$ETH ๐ Ethereum on the Brink of a Breakout! ๐
Currently trading around $2,821, ETH has bounced off recent lows near $2,750, signaling renewed bullish momentum. The RSI hovers around 72, indicating short-term overbought conditions, while the MACD remains bullish but shows signs of slowing momentum. On-chain metrics and futures data reveal strong institutional backing, eyeing levels beyond $2,880 and pushing toward $3,000โ$3,100. The expanding Bollinger Bands hint at rising volatility and the potential for a significant move. Key support sits at $2,667โ$2,700 (EMA-7), with resistance at $2,834โ$2,880. With volume surging and technical signals aligned, a breakout above $2,834 could spark a rapid climb toward $3,000+. Keep a close watch!
