Trading just below the recent 12h resistance near $3,727.
📊 Exponential Moving Averages (EMA)
EMA(9) = $3,592.62
EMA(21) = $3,623.11
EMA(50) = $3,466.21
✅ Bullish crossover: Price has just broken above EMA(9) and EMA(21). This is typically a bullish signal, especially after a period of correction.
📉 MACD Indicator
MACD Line (DIF) = -2.95
Signal Line (DEA) = 28.53
MACD Histogram = -31.48 (still negative but decreasing)
⚠️ Although MACD is still in bearish territory, the histogram shows momentum is recovering, which could indicate a potential bullish crossover if the trend continues.
🔄 Stochastic RSI
Stoch RSI = 38.61
Signal = 24.62
✅ Rising from oversold levels. If it continues upward, it would confirm a trend reversal.
🔍 Support & Resistance Levels
Immediate Resistance: $3,727
Major Resistance: $3,942 (previous local top)
Support Zones:
$3,466 (EMA50)
$3,462 (previous consolidation zone)
🔮 Forecast (Next 24–48 hours)
🔼 Bullish Scenario:
If ETH breaks above $3,727 with volume, expect a move toward $3,800–$3,940.
Reclaiming this range could signal a return to bullish market structure.
🔽 Bearish Scenario:
If price fails to hold above EMA(21) and drops below $3,590, expect a retest of the $3,460–$3,470 support range.
A breakdown here could lead to deeper retracement toward $3,300.
✅ Summary
Trend Reversal in Progress: Technicals are pointing toward a potential recovery.
Watch for confirmation via volume and a MACD crossover.
Short-term bullish outlook unless price gets rejected at resistance or falls below EMA levels again.
🔄 Likely sideways movement between 3,450 and 3,600 USDC. 🟢 If the price holds above EMA(21), it could retest 3,630–3,700. 🔴 If it breaks below 3,450, next supports: 3,228, then 2,826. ✅ Trading Outlook:
Buy Opportunity: If price consolidates above 3,500 and EMA(9) turns upward
Scalp Trade Long: Possible due to oversold Stoch RSI → target: 3,600+
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Ethereum's price increased by 1.64% in the last 24 hours, supported by strong bullish technical indicators like EMA and MACD crossovers, and high RSI values.