Ethereum, the second-largest cryptocurrency by market cap, is currently trading around 3,100. Over the past few days, ETH has shown steady recovery despite ongoing bearish pressure, and buyer interest remains strong.
*Technical Analysis:*
- *Resistance:*3,200
- *Support Levels:* 3,000 and2,950
- *4H RSI:* Neutral Zone (52)
- *MACD:* Approaching bullish crossover
*Trading Idea:*
If ETH breaks above 3,200, we may see a push toward3,400.
On the downside, strong buying interest is seen around 2,950.
*My Strategy:*
- *Scalping Range:*3,050–3,180
- *Long Entry:* After a clear break above3,220
- *Stop Loss:* $2,920
*#Ethereum #ETH #CryptoAnalysis #BinanceFeed #ETHUSDT*
