Technical analysis on 1 hour timeframe #️⃣

The recent low at $3,004.00, indicating a strong support around that level, but the price appears to be approaching resistance at $3,249.00.

The trading volume shows weak activity, and while there has been some spikes, the overall volume is not particularly high, which may indicate indecision among traders.

The RSI is at 76.27, suggesting that ETH is currently overbought, which may lead to a price correction soon.

Overall, while there are signs of bullish momentum, the overbought conditions may suggest caution in entering new positions. Monitoring the price action around the key resistance level and watching for signs of a potential pullback would be prudent

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