$ETH Support Test Amid Volatility – Ready for Rebound?

ETHUSDT ETH Support Test Amid Volatility – Ready for Rebound?

Current trend: ETH is grinding lower in a choppy range, now hugging the pivotal 3,370 support after a swift rejection from 3,470 highs—buyers defending hard, but volume thinning signals caution ⚡.

Hold support? Likely yes, with hammer candles forming and price stabilizing; a close above 3,390 flips bias bullish.

Breakout above resistance? Possible if BTC stabilizes—targeting 3,550 on volume surge, unlocking alt momentum.

Dip risk? Elevated to 3,300 if support cracks on weak close, especially with overbought divergence looming.

Target: Upside 3,550 short-term; deeper 3,700 if 3,470 clears decisively.

Indicators watching: RSI dipping to 40 (bounce zone), Bollinger Bands squeezing for volatility pop, and OBV for accumulation confirmation 📉.

#ETHTrading #CryptoBounce #AltcoinPioneers