Ethereum’s price showed a clear upward bounce after testing the $3,026.70 support level earlier today. This movement aligns with the continuation of the bullish trend expected in both the intraday and short-term scenarios. A breach of the $3,185.00 resistance level is anticipated to strengthen the bullish outlook, paving the way for potential targets at $3,325.00 and subsequently $3,440.00.
The stochastic oscillator is generating positive signals, reinforcing the likelihood of further upward momentum. However, maintaining the price above the $3,026.70 level is crucial to achieving the projected targets.
Key Levels to Watch:
Support: $2,960.00
Resistance: $3,210.00
Trend Outlook: Bullish
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