analyzing Ethereum (ETH) involves two main approaches:

Technical Analysis:

This focuses on price charts, looking for patterns, support/resistance levels (like $2,125 and $2,503), and using indicators (RSI, moving averages, MACD) to predict price changes.

It's about understanding market trends and potential breakout points.

Fundamental Analysis:

This examines Ethereum's underlying value, considering network activity (how much ETH is held on exchanges), development updates, and the growth of dApps and DeFi.

It also includes observing the general crypto market sentiment.

In short, analysts look at both the price behavior and the health of the Ethereum network to make informed predictions. Remember that the crypto market is very volatile. $ETH