ETH/USDT: Bullish Momentum Tests Critical {$3,055} Resistance
1. đą Bullish Momentum: ETH is in a strong upward trend after its recent low.
2. đ° Current Price: Trading at $3,033.56, attempting to reclaim a key level.
3. đ Critical Resistance: Price is stuck right below the MA(99) at {$3,055.54}.
4. đ MACD Confirmation: MACD is positive and growing, confirming the short-term bullish move.
5. âïž RSI Balanced: RSI (68.24) is strong but not yet overbought, suggesting room for further upside.
6. â Short-Term Support: Price is holding above the MA(7) at {$3,028}.
7. đ Breakout Level: A decisive close above $3,055 is necessary to signal a medium-term trend change.
8. âŹïž Recent Low: The rebound started from the $2,623 area.
9. đ Consolidation Risk: Failure to clear resistance could lead to a pullback to the {$2,930} MA(25) support.
10. đŻ Immediate Goal: Overcome the {$3,050}â{$3,100} resistance zone to target higher levels.
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