Saad Ullah
⬤ Ethereum is holding steady above the important $3,480 support zone, and analysts are watching to see if it can make another run at $3,680. The recent price action shows ETH consolidating above support after bouncing back, suggesting buyers are still in control. As long as this level holds, the bulls have room to work.
⬤ Beyond the charts, there's some background noise around potential tax policy changes that could impact crypto trading. While nothing specific has been announced, ongoing discussions about stricter reporting requirements and higher tax burdens are making traders a bit cautious. This kind of regulatory uncertainty can affect liquidity and risk appetite—even when the technical picture looks decent.
⬤ The chart shows buyers consistently defending the $3,480 zone, which has been acting as a key pivot point lately. Holding above this support keeps the door open for another attempt at $3,680. Recent swing highs and lows suggest the bulls are still active and trying to regain momentum after some choppy price action.
⬤ For investors, ETH's ability to hold this support matters because it often sets the tone for the broader crypto market. A successful move toward $3,680 would boost confidence and hint at more upside ahead. But if ETH breaks below $3,480, the setup weakens and sellers could take back control. With policy uncertainty lingering in the background, keeping an eye on these key levels is crucial for gauging where Ethereum heads next.
Saad Ullah
