๐ Ethereum's price is eyeing a rebound, folks! After a steady dip since March, the $2,750 support level and 200-day moving average are hinting at a potential bounce back. ๐
- We're approaching the $3,000 resistance level, and a bullish breakout could send us soaring towards the $3,600 zone.
- On the 4-hour chart, we've broken a bearish trendline to the upside. If we break through $3,000, a rally could be on the cards.
- The RSI is nearing 50%, suggesting market momentum is balanced. But today could be the day we find out our short-term fate.
The Taker Buy Sell Ratio, a key indicator of market orders, is showing signs of recovery. This could mean less aggressive selling and a potential market rally. ๐
What do you think? Is Ethereum about to break the $3K barrier? Let's chat in the comments! #ETH #CryptoMarket ๐๐