Ethereum just surged to $3,134.82 on Binance, posting a +1.11% gain in the past hour and confirming a strong bullish breakout. This move comes after a period of consolidation, with buyers stepping in aggressively to defend the $2,932.46 support zone.
📊 The momentum is clear: RSI is at 74.57, showing strong buying pressure but approaching the overbought zone. This could mean a short-term cooldown may happen — but bulls still appear in control for now.
The MACD is bullish, with the histogram gaining strength and the lines diverging upward, signaling ongoing positive momentum. Volume is also picking up, confirming the conviction behind this rally.
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📈 Key Levels:
Resistance: $3,145 – Recent local high and next breakout zone
Support: $2,932 – Key rebound level that triggered this move
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🔥 My Take: ETH is showing clear strength and has room to push toward $3,200 if it holds above $3,100. However, traders should keep an eye on potential pullbacks given the elevated RSI. A breakout above $3,145 could open the door for another bullish leg!
