Sentiment: Bullish
Ethereum continues to consolidate around the $3,000 psychological level, showing remarkable stability despite a slight 0.34% dip over the past 24 hours. The current price action suggests ETH is building a solid foundation for its next major move. With RSI at 63, Ethereum remains in healthy bullish territory but not yet overbought, indicating room for upward momentum. The tight convergence between the 20-day SMA at $2,994.90 and current price levels suggests strong support, though traders should watch the 50-day SMA at $3,018.30 as immediate resistance. Volume remains robust at $577 million, supporting the current price structure. Given the 3.17% volatility reading, we’re seeing relatively stable conditions for crypto standards. My trading advice: consider accumulating on dips below $2,980 with stops around $2,940. For swing traders, a break above $3,020 could signal the next leg up toward $3,100 resistance.
Key Metrics
| Price | 2997.2800 USDT |
| 24h Change | -0.34% |
| 24h Volume | 577509158.13 |
| RSI(14) | 63.01 |
| SMA20 / SMA50 | 2994.90 / 3018.30 |
| Daily Volatility | 3.17% |
Ethereum — 1h candles, 7D window (SMA20/SMA50, RSI).
