ETH/USD: Testing Key Support and Resistance Levels
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🔥 FinCaesar Strategy: 🩸 Short: Below $3,100, targeting $3,050 and $3,000. MACD remains weak, and the price is struggling to gain momentum above key moving averages. 🩸 Long: Above $3,200, aiming for $3,250 and $3,400. A bullish push needs stronger volume confirmation and sustained buying pressure.
🔥 FinCaesar Commands: 🩸 Resistance: $3,200 — A breakout above this level could drive a push toward $3,250 and beyond. 🩸 Support: $3,100 — Losing this level may lead to another retest of $3,000, increasing downside risk.
Ethereum is currently in a consolidation range, lacking decisive momentum. The MACD is near neutral but leaning bearish, while the price remains under resistance. A breakout above $3,200 would signal bullish continuation, but failure to hold $3,100 could trigger deeper corrections.
👑 "Strength is forged in patience; the wise act when the time is right." — FinCaesar
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.