Ethereum has shown a narrow intraday trading range between $3,048 and $3,139, with a market capitalization of $373 billion and a 24-hour trading volume of $9.83 billion. While the cryptocurrency's technical outlook appears mixed, it is currently trading just below $3,100 at $3,093 per unit as of 7:57 (EDT) on Monday.

On the hourly chart, bearish pressure is evident, particularly after failing to surpass the $3,139 resistance level. Recent activity displays choppy price movements, with a notable drop indicating a slight sell-off. Support is noted at $3,048, with spikes in volume suggesting active trading and potential short-term volatility. Traders are advised to seek confirmation of strong support or a bullish reversal pattern before considering new positions.

The 4-hour chart presents mixed signals, with a recent rally peaking at $3,147 followed by a pullback, indicating a consolidation phase. Support is observed around $2,863, with visible volume spikes during the rally indicating strong buying interest. Traders should monitor for a breakout above recent highs or a drop below support to determine the next directional move.

The daily chart indicates a slightly bearish trend characterized by lower highs and lower lows. Support is identified at $2,813, while resistance is at $3,356. Despite the bearish trend, recent bullish momentum is evident through a series of upswings, suggesting a potential short-term uptrend. However, volume remains relatively low, indicating weaker conviction behind these price movements.

Oscillators present a neutral outlook, with the RSI at 52 and the Stochastic at 72.3, while the CCI at 79 and the ADX at 16.0 also suggest neutrality. Nonetheless, the momentum indicator and MACD signal bullish conditions. Moving averages offer a mixed view, with shorter-term averages indicating positive signals and longer-term averages providing sell signals, reflecting divergence in short-term versus long-term trends.

For traders, potential entry points on the daily chart are around the $2,813 support level, provided there is confirmation of a bounce or reversal. On the 4-hour chart, entering near $2,863 per ETH could be strategic, especially with increasing volume and price strength. An aggressive entry on the hourly chart could be near $3,048 if strong support and a bullish reversal pattern emerge. Exit strategies should consider the $3,356 resistance level on the daily chart, partial exits around $3,147 on the 4-hour chart, and exits near $3,139 on the hourly chart if no significant breakout occurs.

In conclusion, while ethereum demonstrates potential for a short-term uptrend based on recent bullish momentum and strong support levels, caution is advised due to the slightly bearish overall trend and mixed signals from longer-term indicators. Traders should remain vigilant for confirmation of bullish trends to validate potential eEthereum has shown a narrow intraday trading range between $3,048 and $3,139, with a market capitalization of $373 billion and a 24-hour trading volume of $9.83 billion. While the cryptocurrency's technical outlook appears mixed, it is currently trading just below $3,100 at $3,093 per unit as of 7:57 (EDT) on Monday.

On the hourly chart, bearish pressure is evident, particularly after failing to surpass the $3,139 resistance level. Recent activity displays choppy price movements, with a notable drop indicating a slight sell-off. Support is noted at $3,048, with spikes in volume suggesting active trading and potential short-term volatility. Traders are advised to seek confirmation of strong support or a bullish reversal pattern before considering new positions.

The 4-hour chart presents mixed signals, with a recent rally peaking at $3,147 followed by a pullback, indicating a consolidation phase. Support is observed around $2,863, with visible volume spikes during the rally indicating strong buying interest. Traders should monitor for a breakout above recent highs or a drop below support to determine the next directional move.

The daily chart indicates a slightly bearish trend characterized by lower highs and lower lows. Support is identified at $2,813, while resistance is at $3,356. Despite the bearish trend, recent bullish momentum is evident through a series of upswings, suggesting a potential short-term uptrend. However, volume remains relatively low, indicating weaker conviction behind these price movements.

Oscillators present a neutral outlook, with the RSI at 52 and the Stochastic at 72.3, while the CCI at 79 and the ADX at 16.0 also suggest neutrality. Nonetheless, the momentum indicator and MACD signal bullish conditions. Moving averages offer a mixed view, with shorter-term averages indicating positive signals and longer-term averages providing sell signals, reflecting divergence in short-term versus long-term trends.

For traders, potential entry points on the daily chart are around the $2,813 support level, provided there is confirmation of a bounce or reversal. On the 4-hour chart, entering near $2,863 per ETH could be strategic, especially with increasing volume and price strength. An aggressive entry on the hourly chart could be near $3,048 if strong support and a bullish reversal pattern emerge. Exit strategies should consider the $3,356 resistance level on the daily chart, partial exits around $3,147 on the 4-hour chart, and exits near $3,139 on the hourly chart if no significant breakout occurs.

In conclusion, while ethereum demonstrates potential for a short-term uptrend based on recent bullish momentum and strong support levels, caution is advised due to the slightly bearish overall trend and mixed signals from longer-term indicators. Traders should remain vigilant for confirmation of bullish trends to validate potential entry points.ntry points.