Ethereum Dey Hold $3,530 Support, Eye $3,838 Breakout
Ethereum (ETH) price dey stabilize around one important support zone wey dey near $3,530–$3,550 after e just drop pass $3,500 recently. For the daily chart, e show say e dey consolidate under resistance at $3,838, and the 50-day simple moving average (SMA) wey near $3,012 dey hold as long term support. The 14-day RSI don bounce back from 50 go around 56, meaning say e still get room for more upward movement before e enter overbought area. Traders go dey watch the minor resistance for $3,620 and the big barrier at $3,838 for one daily close to confirm if e go breakout upwards. But if e no fit hold $3,530 support, e fit trigger pullback go $3,200 and maybe even test the $3,012 SMA. Bitcoin (BTC) current consolidation between $112,000 and $115,000 fit also affect ETH price moves. Overall, Ethereum dey stay for neutral to bullish position above $3,530, with clear breakout fit open road go $4,000, but if e break support, e fit make deep correction come.
Neutral
Di price action dey show say Ethereum dey hold important support for $3,530 and RSI momentum dey hint say e fit gain more. But until ETH clear di near-term resistance at $3,838 and small obstacles at $3,620, di chance to go up no sure yet. Likewise, if e break below support, e fit bring correction come down to $3,200 or 50-day SMA at $3,012. Di mixed signals plus di way e base on Bitcoin trend make dem classify am neutral, meaning say short-term risk and reward balance. Historically, when Ethereum price dey consolidate for key support levels, e dey often come before both breakout and pullback depend on bigger market signals, showing say traders dey cautious.