$3,140! 🤯 Watch that number because it's not just a figure, it's the wall of resistance that Ethereum (ETH) is ready to break down, and if it does, get ready for the party! 🚀 What is happening with our beloved Ether and why does it feel like there's a strong rise in the air?
Look, family, the thing is that ETH has woken up with enthusiasm. After spending some time struggling, it managed to climb back above the psychological mark of $3,000 and is staying there. This is key because it's not just a small rise; it's that the "bulls" (that's what we call the buyers, those who bet on the rise) are holding strongly to the trend, and that gives the price a solid foundation.
The price is already flirting with $3,050 and is also above the 100-hour Simple Moving Average. What does this mean in plain English? That in the short term, the sentiment is positive and that the momentum is in favor of continuing to rise.
But here comes the part of the strategy that matters to us: there is a downward trend line (which is like a ceiling that the price has respected before) and its resistance is right at $3,140. If ETH breaks that ceiling strongly and establishes itself above $3,150, the floodgates open!
📈 How High Could It Fly?
If the break of $3,150 is confirmed, eyes would go straight to the next important stop: $3,250. Once that is surpassed, we are talking about moving towards $3,320 and, if the momentum is one of those that makes history, we could see ETH aiming for $3,450 or even touching $3,500 in the short term. It would be an epic rise!
Now, since this is not a fairy tale, we always have to look at the other side of the coin: the risk of falling. If ETH cannot handle the resistance of $3,140, we could see a correction. The first support (or floor) that would stop it would be at $3,050, and if it loses that, the drop would go down to the strong support of $3,000. If that floor gives way, we would be talking about going back to the zone of $2,920. That’s why the movement in the coming days around $3,140 is the one that will tell us if we pop the champagne or stay calm waiting.
🧭 Technical Signals Guide Us
The technical indicators, which are like the GPS for traders, are sending good vibes:
MACD (Moving Average Convergence/Divergence): It is gaining strength in the bullish zone. In other words, buying momentum is accelerating. 💪
RSI (Relative Strength Index): It is above 50, which means the market is not oversold and that the relative strength is on the buyers' side. 🟢
In summary, Ethereum is in 'maximum tension' mode and ready for a big move. We just need the bulls to give the final push to break that ceiling of $3,140. Do you think this is the moment when ETH breaks and goes for $3,500, or do you think we will see a correction first? Let me know what you expect.
