$ETH current price is $3,330, with a 7.41% increase in the last 24 hours. The market is anticipating a possible Federal Reserve rate cut, which could boost risk assets like Ethereum. However, there's a concern about a large inflow of 162,000 ETH to Binance, which might indicate potential selling pressure from whales ¹ ² ³.

*Key Support and Resistance Levels:*

- _Support_: $3,000, with a potential downside risk to $2,200 if support is lost

- _Resistance_: $3,250-$3,500, with a potential upside target of $4,500-$6,000 if momentum continues

The technical analysis suggests a bullish reversal thesis, but traders are cautious due to weakening spot demand and high open interest. Would you like to know more about Ethereum's price forecast or current market trends?

What are your thoughts on$ETH potential growth? Should we expect a bullish or bearish trend in the coming days?

ETH

2,960.5

+0.44%