Ethereum ($ETH) is showing intense volatility today, and traders are watching closely. Is this a breakout momentāor the calm before another dump? Here's what the charts are saying š
š Key Levels to Watch
š Resistance Zone: $3,450 ā $3,500
š Support Zone: $3,050 ā $2,800
š Current Price: ~$3,275 (at time of writing)
ETH is trading inside a tight consolidation range on the 4H chart. The bulls are trying to reclaim the $3,400 level, but weak momentum and falling volume suggest a possible pullback before any breakout.
š Bearish Signals
RSI has entered the overbought zone ā time for correction?
MACD shows weakening bullish crossover
Fibonacci retracement from $3,500 to $2,800 shows strong rejection near 0.618 level
ā ļø If $ETH fails to close above $3,400 soon, expect a dip back toward $3,050 or even $2,800.
š Bullish Setup?
However, if bulls manage to flip $3,500 into support, $ETH could shoot up to $3,800 or even $4,000. Why?
Whale wallets are accumulating again
ETHās dominance is rising
Strong inflows from Korean and EU exchanges in the last 24 hours
š® What to Do Now?
š For Traders:
Wait for a confirmed breakout above $3,500 with volume ā or short if it rejects again.
š° For Long-Term Investors:
If dips to $2,800 again, it could be a golden buy-the-dip opportunity before the next bull wave.
š§ Final Take
This week is make-or-break for $ETH. Either we see a powerful breakout, or a pullback that shakes out weak hands. In either caseāvolatility = opportunity.
Stay sharp. Set your alerts. And donāt forget to manage your risk.
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