#DailyMarketOverview $ETH

🚀 Ethereum Market Update 🚀

Hey everyone! Let’s break down the current Ethereum market so you know exactly what’s happening:

🔹 Current Price: $3,120
🔹 Resistance Level: $3,662 → Watch for potential selling pressure; a break above could trigger a bullish move.
🔹 Support Level: $2,833 → Strong buying zone; if it holds, a bounce is likely.

📊 Candles & Momentum:

Last candle is small green, showing early buying interest.

Previous four candles were red, indicating recent selling pressure.

Market is cautiously bullish but still in a consolidation phase.

📈 Indicators:

RSI: 53 → Neutral to mildly bullish, plenty of room to move higher.

MACD: Shrinking & fading → Momentum is weak, waiting for the next breakout signal.

Volume: Last candle green but small → Buyers are stepping in, but not strongly yet.

💡 Key Takeaway:
Ethereum is in a balanced zone right now — not fully bullish, not fully bearish. Patience is key. Watch support & resistance, follow the indicators, and make calculated moves.

🔔 Strategy:

Short-term traders: Consider range trading between $2,833–$3,662 until momentum confirms a breakout.

Long-term holders: Observe the consolidation; small green signs after selling pressure indicate potential accumulation points.

Stay alert, trade smart, and keep an eye on Ethereum’s next moves! ⚡