Ethereum price analysis (Bullish) — 3067.09 USDT (+9.04% 24h)

Ethereum is showing robust momentum, breaking above the $3,000 psychological level with a strong 9% gain over the last 24 hours. The current price of $3,067 sits comfortably above both the 20-day SMA ($2,997) and 50-day SMA ($2,879), confirming a bullish near-to-medium-term trend structure. The RSI reading of 64.92 indicates strong buying pressure but is not yet in overbought territory, suggesting room for further upside. However, traders should note the elevated volatility reading of 3.74%, which signals potential for sharp intraday swings. The substantial $1.7 billion in 24-hour volume provides conviction behind the move. For traders, consider using any pullback toward the $3,000-$2,997 (20-SMA) zone as a potential entry for continuation plays, with a stop-loss placed below the $2,880 (50-SMA) support. The immediate resistance to watch is the $3,100 level, a break of which could target the $3,200 region.