$ETH is consolidating near $3,105 after a recent rejection from $3,400. Price is testing a descending trendline resistance while holding above the 7-period MA ($3,096). The 25-MA at $3,214 acts as overhead resistance. Volume remains moderate at 8.2K, suggesting indecision. A breakout above the trendline could trigger upside momentum toward previous highs.
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$ETH is consolidating near $3,105 after a recent rejection from $3,400. Price is testing a descending trendline resistance while holding above the 7-period MA ($3,096). The 25-MA at $3,214 acts as overhead resistance. Volume remains moderate at 8.2K, suggesting indecision. A breakout above the trendline could trigger upside momentum toward previous highs.
Trading Levels:
TP1: $3,214
TP2: $3,280
TP3: $3,400
Stop Loss: $3,050