That $3,400 wall has become the true fire test for Ethereum, and although adrenaline spiked strongly, right now we're seeing who has the steel nerves to hold their position. 🎢
What's up, family! I'm telling you, the ETH situation is super interesting because we've just seen a very strong rally that took us to touch $3,402. However, as everything that rises quickly needs to take a breath, the price is now in a "consolidation" phase. In simple terms: buyers and sellers are battling to see who takes control of the next move. 🥊
Right now, the key is a magic number: $3,280. On the one-hour chart, an uptrend line has formed right there. As long as we stay above that level and the 100-hour moving average, the dream of $3,500 or even $3,650 is still very much alive. 🚀
But watch out, it's not all sunshine. If the price doesn't strongly break through $3,400 soon, we could see a drop down to $3,230. Technical indicators like the MACD suggest the bullish momentum is starting to fade a bit, although the RSI remains in positive territory (above 50). It's that tense moment where any wrong move could send us back to $3,200 to hunt for liquidity. 📉
We're in that zone where strategy beats emotion. Ethereum is showing strength, but the market is demanding proof that this growth is real and not just a temporary surge. Keep an eye on the $3,280 support, because if it breaks, the whole picture changes.
If Ethereum fails to break through this barrier right now, do you think we're looking at a cheaper buying opportunity, or is it a sign that the market needs a much longer break?$ETH