๐ ETH Bulls Eye $3180 After US Market Fluctuation
$ETH is holding strong at $3158 following initial post-open volatility in the US stock market. The current price action suggests a clear bias:
* Key Level Hold: The analysis points to $3180 as the critical psychological and technical threshold. As long as Ethereum maintains price integrity below a direct and significant drop through this level, the upward outlook remains favored.
* The Robot vs. Reality: While automated signals might suggest a short, the absence of compelling long/short ratio data and the price's resilience near current levels advise caution. We prioritize respecting the established support and cost basis.
* Strategy: Carry the cost loss and continue to look for upward continuation. A sustained breakout above $3180 could trigger the next leg of the rally. Traders should monitor the correlation with traditional markets closely.
What's your next move for ETH?
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