TODAY:
Ethereum (ETH) is currently experiencing some volatility, trading around the $3,800 mark. After a strong bullish run in recent weeks, some analysts are noting a potential for a short-term correction as profit-taking occurs. Key support levels to watch are around $3,650 and $3,500. A break below these could signal further downside. Conversely, resistance is forming around $3,900 and $4,000.
Traders should also keep an eye on broader market sentiment and Binance's performance, as ETH often correlates. The upcoming Dencun upgrade remains a long-term positive catalyst, but its immediate impact on price might be overshadowed by market dynamics. Short-term traders might look for opportunities around support and resistance bounces, while long-term holders might view any dips as accumulation opportunities.
#bitcoin #ETH #Binance #BinanceAlphaAlert #TrumpTariffs
