ETH Price Analysis
ETH$ETH is finally showing some signs of life after a long and painful downtrend. We might be at the early stages of a potential reversal, and here’s what’s catching my attention right now.
🔹 Price: $1,791.54
🔹 20-day SMA (Average Price): $1,777.40
🔹 Bollinger Bands (BB) Range: $1,441.16 – $1,810.89
🔹 MACD: Bullish crossover confirmed
🔹 RSI (14): 55.38 (neutral-bullish zone)
📌 My Key Observations:
🔸 ETH has broken above the middle Bollinger Band
That’s a meaningful move. Typically, when price crosses the midline of the BB with momentum, it signals a shift in trend. This could be the early stage of a broader push — if it can hold above ~$1,780.
🔸 MACD is signaling building buyer strength
This is one of the first indicators I personally watch for signs of a shift, and right now, it looks promising: the MACD line has crossed above the signal line, indicating a potential momentum flip.
🔸 RSI climbing above 50
That’s the line between weakness and strength for me. Now that it’s above, bulls are gaining control, and there’s still room to run before we hit overbought territory.
To me, ETH $ETH is starting to build the foundation for a potential trend reversal. It’s not full-blown bullish just yet, but if this momentum continues, I’d be watching for a test of the $1,900 zone next.