Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance?
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Ethereum price extended losses below $3,250, testing the $3,080 support zone. A recovery wave started but lacks momentum compared to Bitcoin. The price moved above $3,200, breaking a bearish trend line at $3,220. Currently trading below $3,350 and the 100-hourly SMA, ETH faces resistance at $3,300 and $3,350.
If upsides continue, ETH could target $3,500 and $3,720 resistance zones. However, failing to clear $3,300 resistance could lead to another decline. Immediate support lies at $3,185, with major support at $3,120. A move below $3,120 could push ETH toward $3,020 and $2,950 supports.
Technical indicators show the hourly MACD gaining bullish momentum and RSI above 50. Major support is at $3,185, while resistance is at $3,350.
Fonte: www.newsbtc.com ↗
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