The ETH/USDT pair is currently trading at $3,673.93, up +2.72% in the last 24 hours, with strong momentum and a trading volume of over 359K ETH.
Let’s break down the key levels and what could happen next 👇
🔍 Key Highlights
📈 Moving Averages (MA):
Price is above MA(7) and MA(25) → short-term bullish 📊
But MA(99) at $3,683.32 is acting as resistance
🔼 Price Resistance:
24h high = $3,698.60 → ETH needs to break this to keep climbing
Major Resistance Ahead: $3,785.77 and $3,850
🔻 Support Levels:
First support = $3,605.52
Stronger support = $3,515.40
📊 Momentum & Volume:
Indicators like MACD & RSI suggest sideways movement
ETH is currently consolidating — not fully bullish yet
🎯 What’s the Next Move?
🚀 Bullish Scenario:
Break above $3,700 and hold = target $3,785, then $3,850
📉 Bearish Scenario:
Drop below $3,605 = risk of falling to $3,515, or even $3,425
🧠 Final Thoughts
Ethereum is moving sideways but with a slight bullish bias.
Keep a close eye on the $3,700 level — it’s the key!
A strong breakout could send ETH to new local highs, while failure may lead to a dip.
📢 What do you think — are we heading to $3,785+, or is a pullback coming first?
👇 Drop your thoughts in the comments!
