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Current price is $3,122, sitting right above the middle Bollinger band at $3,073. This level is actually quite crucial—past several pullbacks didn’t break it, so it counts as short-term support. The upper band is at $3,173, less than 2% away.
On the MACD, the DIF is at 18.08, while DEA is only at 12.99, and the histogram is still climbing. From past experience, if this divergence holds, the momentum could persist for at least another day or two.
The structure of the hourly candles is also interesting: the lows of the past seven or eight candles have been gradually rising, like 3,080 → 3,095 → 3,105. There haven’t been any sudden long bearish candles breaking through support, which means selling pressure is temporarily light.
Looking on-chain, the number of active addresses has indeed been rising these past couple of days. While it hasn’t reached the peak from May, it’s clearly warmer than last week’s lull. Usually, this means either new capital is testing the waters or something is being prepared.
As for news, there’s nothing explosive—just a few new applications launching in the Ethereum ecosystem. I’ve seen this happen often; short-term impact is limited, but over the long run, the ecosystem is definitely expanding.
My personal take? In the next 24 to 48 hours, odds are high we’ll see a test of the upper band at $3,173. Whether it can hold above that is uncertain, but at the very least, it should touch it. If volume cooperates, a direct push to $3,300 isn’t out of the question—after all, the last few times ETH broke the upper Bollinger band, there was a 10%-15% extension.
Of course, this is just a projection based on current data. If the $3,073 support breaks, all the above logic is invalid.
In short, technicals are currently leaning bullish, but you need to keep a close eye on price/volume dynamics and support levels. Don’t chase, don’t gamble on direction, just follow the structure.