😋  Ethereum Price Targets $3,360 – Will Key Support Hold?

📈 Ethereum (ETH) is nearing the crucial support level of $3,360. Market participants are closely watching this level, which could determine the short-term price trajectory of ETH.

🟢Currently, ETH is trading at approximately $3,387, down 1.62%, with a market capitalization of over $407 billion and a 24-hour trading volume up 32.02%.

📯  Key Levels to Watch

🟢4-Hour Chart: ETH is below the 100-day SMA, with the RSI indicating a potential drop below $3,360 into the oversold zone.
🟢1-Day Chart: ETH is also attempting to break below the 100-day SMA, with the RSI signaling a bearish trend.

 📈 Potential Scenarios

🟢If $3,360 Support Breaks: ETH may test $3,051 and possibly $2,865.
🟢If $3,360 Support Holds: ETH could rise to $3,659 and potentially $3,975.