$ETH Ethereum is currently in a critical zone
The price ($2,580) is holding above both the short-term ($2,561) and long-term ($2,523) moving averages, which tells us that the bulls are still in control in the short term.
But pay attention! The RSI is at 75.48 – this is a clear warning signal: the market has entered an overbought zone, and saturation could lead to a quick correction if the psychological support at $2,570 breaks.
As for the MACD, it's giving us a strong green signal (the bullish crossover between DIF and DEA, and the indicator is positive at 7.37), which confirms upward momentum. However, I believe that the iron resistance at $2,589 is the straw that will break the camel's back: if we break it with high trading volume, the path to $2,600+ is open. But if the price rejects this area – especially with intensifying overbought conditions – expect a swift decline towards $2,545 (the first strong support level), and perhaps $2,520 if selling accelerates.
Remember: the moving averages are aligned like an ascending ladder (MA7 > MA25 > MA99) – this is a positive structure.
"The trend is upward but exhausted – break $2,589 or prepare for a selling wave at $2,570. Defending $2,545 is the dividing line between ascent and collapse
#Ethereum #MarketRebound #BinanceAlphaAlert #binance #goal $ETH