TECHNICAL ANALYSIS: $ETH fighting to maintain the critical support of $3,100
Ethereum ($ETH) has shown weakness during the midday pause. The price is testing just above the psychological support of $3,100. Price action in the next two hours will define the daily close.
Key Levels:
Vital Support: The crucial level is $3,080, which coincides with the 20-period EMA. If this level is lost, $ETH could quickly fall to $3,000.
Recovery Resistance: Immediate resistance is at $3,155. We need a close above this point for bullish momentum to return before tomorrow.
Indicators: The RSI remains in neutral territory (around 50). The key is the volume that comes in the next 60 minutes.
Conclusion: Monitor the support at $3,080. Losing this level suggests a deep profit-taking.
ETH
3,341.26
+6.94%