ETH is trading around $3,135, holding above the recent recovery zone after bouncing from $2,907. Price is currently moving above short-term MAs, showing early bullish momentum, while volume remains moderate.
Market Direction (Next Few Hours)
Bias: Mildly Bullish
ETH is holding above key support and staying above short/medium MAs.
If price sustains above $3,100, buyers may push toward the next resistance.
Key Levels
Support: $3,050 – $3,000 / major support $2,900
Resistance: $3,250 – $3,300
Trade Setup (For Educational Purposes Only)
Buy Zone: $3,120 – $3,150
Target 1: $3,250
Target 2: $3,300
Stop-Loss: $2,880 – $2,900
Summary
ETH shows a bullish recovery structure, but still inside a consolidation range. Holding above $3,100 keeps momentum positive; a breakout above $3,250 could extend gains. A drop below $3,000 would weaken the bullish outlook.
Risk Management is essential — crypto remains highly volatile.
