Since early morning, Ethereum has shown a strong upward trend. The price has continued to rise after stabilizing at the key support level of $3050, reaching a high of around $3210. It is currently oscillating at a high level near $3185, with the overall technical structure leaning towards bullishness.
From a technical perspective, this round of increase has effectively broken through the upper boundary of the previous oscillation range, and the trading volume has also cooperated, confirming the effectiveness of the breakout. The short-term moving average system is arranged in a bullish manner, providing support to the price. The price is currently consolidating near the upper track of the rising channel, and after forming a golden cross above the zero axis, the MACD continues to diverge upwards, indicating that the upward momentum is still ongoing.
Overall, the short-term trend of Ethereum remains strong, with $3050 having shifted from resistance to an important support level. If the price can stabilize above $3180, it is expected to further test the resistance area of $3250-3300. In terms of operations, it may be considered to establish long positions during pullbacks at lower levels, with a focus on monitoring the support performance near $3150.
