$ETH Ethereum is in a long-term bullish trend, but is currently undergoing a correction phase after reaching a peak.
Price increased from 1,750.0 USD to 4,243.96 USD, then corrected to 1,780.65–1,786.6 USD (a decrease of 56% from the peak). It also formed a 'Cup and Handle' pattern, with the price in the 'handle' section, similar to Bitcoin.
Support: support area at 1,527.15 USD, and 1,410.0 USD (POC from Volume Profile).
Resistance: 2,613.88 USD, and 4,108.4 USD (all-time high).
Ethereum is correcting deeper than Bitcoin (56% compared to 24%), indicating stronger selling pressure on Ethereum. However, this could also create opportunities for a stronger recovery if the market stabilizes.
Ethereum: Price below MA(7) (1,832.58 USD) and MA(25) (2,879.64 USD), confirming the short- and medium-term bearish trend.
Ethereum: RSI(20) at 30.04, Stochastic RSI at 1.35 (oversold area), signaling a potential upward reversal in the short term.
Ethereum: MACD at -140.37, bearish signal, but the oversold RSI may reduce selling pressure.
OBV (On-Balance Volume): Ethereum has increasing OBV, supporting the long-term bullish trend.
Volume: Ethereum: High trading volume (2,519,027.8333), indicating significant market interest in ETH.
Volume Profile (Ethereum): Price above POC (1,410.0 USD), is a positive signal indicating high buying interest.
Ethereum: If ETH price holds above 1,750.0 USD and breaks 2,279.8 USD, it will rise to 2,465.9 USD, 3,739.9 USD, and finally 4,108.4 USD. Oversold RSI (30.04) and Stochastic RSI (1.35) support the potential for a short-term upward reversal.
Ethereum: If the price breaks below 1,750.0 USD, it will drop to the next levels of 1626.9 USD and then 1,527.15 USD, possibly dropping to 1,410.0 USD (POC), or deeper to 653.3 USD (VAL).
Ethereum: Oversold RSI, with a potential early upward reversal. The price may test 1,750.0 USD before rising to 2,465.9 USD.
Holders waiting for opportunities: Waiting for the price to correct deeper (to 1,750.0 USD) to buy, with a long-term target of 4,108.4 USD (Ethereum).
Short-term traders: Ethereum has a better buying opportunity due to the oversold RSI. Buy at 1,750.0 USD, profit target tp 2,465.9 USD. #CryptoTariffDrop #TrumpTariffs #BinanceAlphaAlert #CircleIPO #Saylor500KClub