Currently, Ethereum is trading at US$3,483.7, alongside it the ratio of 1.52% daily increase and a 2.00% increase in a week, shows a positive market sentiment. The RSI of 49.66 and the MACD was 3.0 suggest a neutral to slightly bearish short-term sentiment.
Traders should expect that the support levels are on the US$3,362.1 and US$3,352.5 closely because their violation may worsen the situation. On the other hand, moving above the resistance level to US$3,624.1 and US$3,650.1 could indicate a sharp and stable bullish trend.
Therefore like every other investment decision, the investor and the trader have to take into consideration technical factors, factors, and the general economic trends in the world market.
