Ethereum is bouncing today, but ETH is still a long way off from its August high. Can bulls turn things around? Here’s what the charts say.
💡 DMK Insight
Ethereum’s current bounce at $3,414.86 is a glimmer of hope, but it’s still far from its August high. Traders should note that while the recent uptick might signal short-term bullish sentiment, ETH needs to break through resistance levels around $3,600 to gain real momentum. If bulls can push past this threshold, we could see a more sustained rally. However, failure to do so might lead to a retest of lower support levels, particularly around $3,200. It’s also worth considering the broader market context—if Bitcoin continues to show strength, it could pull ETH along with it. But if BTC falters, ETH may struggle to maintain its gains. Keep an eye on trading volume as well; a significant increase could confirm the bullish trend, while low volume might suggest a lack of conviction among buyers.
📮 Takeaway
Watch for ETH to break the $3,600 resistance; failure to do so could lead to a drop towards $3,200.






