In these days I am closely following ETH, because the way it is reacting around 3,000 dollars continues to intrigue me. Every time the price returns to that area, it bounces back with a certain determination, and this gives me the idea that there is a real accumulation phase below, not just a technical bounce. The interesting thing is that the lows are starting to rise, and usually when the structure changes like this, it means that the market is trying to reverse the trend.
The area I am monitoring most closely remains that of 3,150–3,200 dollars. There ETH has been rejected several times, and as long as we do not exceed it with a clean close, that remains the key resistance. The price, however, is approaching it this time with a different dynamic: it seems stronger, less fragile compared to previous attempts.
Even the indicators, while not being the basis of my decisions, somewhat confirm this feeling. The RSI on H4 is not stretched and still has room, the MACD is turning upward, and the price has moved above the 50-period average, while the 200 continues to support the area of 3,000. Overall, for me it is a scenario that tends more towards the constructive than the weak.
As I see it, as long as ETH remains above 3,000 dollars, the structure remains healthy and can try to break 3,200. If, on the other hand, it were to lose that level decisively, then I would completely reconsider the situation.
Of course, all this is just my reading of the chart: there are no certainties and above all it is not financial advice. It is simply how I am interpreting the current movement of Ethereum.$ETH
The area I am monitoring most closely remains that of 3,150–3,200 dollars. There ETH has been rejected several times, and as long as we do not exceed it with a clean close, that remains the key resistance. The price, however, is approaching it this time with a different dynamic: it seems stronger, less fragile compared to previous attempts.
Even the indicators, while not being the basis of my decisions, somewhat confirm this feeling. The RSI on H4 is not stretched and still has room, the MACD is turning upward, and the price has moved above the 50-period average, while the 200 continues to support the area of 3,000. Overall, for me it is a scenario that tends more towards the constructive than the weak.
As I see it, as long as ETH remains above 3,000 dollars, the structure remains healthy and can try to break 3,200. If, on the other hand, it were to lose that level decisively, then I would completely reconsider the situation.
Of course, all this is just my reading of the chart: there are no certainties and above all it is not financial advice. It is simply how I am interpreting the current movement of Ethereum.$ETH
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XRP
1.9773
-2.27%
ETH
3,058.06
-1.77%