ETHEREUM → The emergence of a positive driver?

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ETHUSDT is soaring amid a news rally and testing resistance at 3230. The daily increase was almost 20%. If growth is expected, then after a slight correction...



Fundamental background: the market reacted to rumors of the replacement of the Fed chairman with Kevin Hassett, who is more “dovish” and loyal to cryptocurrencies. The market broke the local structure and updated the interim maximum from 3070 to 3230. A false breakout of resistance is forming relative to the key resistance level, and the market is entering a correction/stagnation phase.
Bitcoin, the main driver of the cryptocurrency market, faced strong resistance at 95K. The global market trend is downward, and a change in trend will require time and more confirmation...
There is a struggle for resistance in the market, and several scenarios are possible: consolidation and a breakout of resistance, or growth after correction...

Resistance levels: 3230, 3370
Support levels: 3172 (local), 3057

High probability: a false breakout of 3230 will trigger a correction to 3050 (before the news). If the bulls keep the price above 3050, growth may continue as part of the change in the fundamental background.
BUT! If buyers keep the price without correction, then the focus will be on 3230. Consolidation above this level could trigger growth to 3370 - 3620.

Best regards, R. Linda!

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