$ETH $ETH Ethereum (ETH) is trading under short-term pressure after slipping below the $3,600 level.
Recent price action suggests profit-taking and cautious sentiment across the broader crypto market.
The $3,600–$3,700 zone has turned into a key resistance area for ETH in the short term.
A clean break and hold above this zone could open the door for a short-term recovery.
On the downside, $3,500 is emerging as an important support level for buyers.
Market direction remains closely tied to Bitcoin’s movement and overall risk sentiment.
Short-term volatility is expected to remain high as traders react to macroeconomic signals.
Despite the pullback, Ethereum’s fundamentals remain strong due to developer activity and network upgrades.
Ongoing ecosystem growth continues to support ETH’s long-term outlook.
Institutional interest in Ethereum is gradually building, which is a positive long-term factor.
Traders are closely watching price reactions near key levels for confirmation of the next move.
On Binance, ETH volume remains healthy as the market participants position for volatility.
Takeaway:
ETH is facing short-term weakness, but as long as key supports hold, recovery attempts remain possible.
Due to high volatility, proper risk management and confirmation-based entries are recommended.
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