Hey everyone, ETH is showing some interesting movements. Looking at this bright green trading volume (OF-Weighted), it's clear that money is coming in. But just because it's green doesn't mean you'll profit, okay!
The deep drop back in October really threw a lot of people off, but it also created a fairly solid bottom zone. Since then, the price has been fluctuating, accumulating, and then bouncing back up. This pattern suggests a strong breakout is coming.
The price range of 3.2k - 3.3k is currently a resistance level. If ETH can break through, the target could be 4k, or even higher. But remember, the crypto market is very tricky.
That area of 3.5k, looking at the trading volume pouring in, it is clear there is strong selling pressure. If it cannot break through, it might turn back to test the old bottom.
In summary, ETH is at a crossroads. Be careful, observe closely, and don’t go all-in when you’re not sure! Those who are holding should stay calm, and those who haven't entered yet should wait for a few more signals. Good luck to everyone!
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