#EthereumFuture #ETH
1. Price Action
• Current price: $1789.84.
• Price has retraced from recent high $1841.16.
• Still above key moving averages (EMA 25 at $1758.21 and EMA 99 at $1692.93), meaning uptrend is still valid for now.
• Buy Average Price is marked at $1725.57 — showing you are in profit if this is your position.
2. Moving Averages (EMA)
• EMA 7 (Yellow): $1790.24 → Very close to current price, showing loss of momentum.
• EMA 25 (Pink): $1758.21 → Acting as support.
• EMA 99 (Purple): $1692.93 → Far below, showing longer-term bullish trend.
Analysis: Short-term is sideways, medium and long-term are still bullish unless $1758 breaks.
3. MACD (Momentum)
• MACD Line is below the Signal Line (MACD: -4.85), and histogram is red.
• This suggests bearish momentum currently but weak (not a strong crash).
4. RSI (Strength)
• RSI(6): 53.75, RSI(12): 60.43, RSI(24): 61.55.
• All RSI values are neutral to slightly bullish (above 50 but below 70).
Analysis: Market is not overbought, and there’s room to move up if momentum comes back.
5. Volume
• Volume is decreasing compared to previous green candles.
• Suggests weak buyers at current price — either a small dip or range movement is expected.
6. Support and Resistance Levels
• Immediate Resistance: $1841 (recent high).
• Immediate Support: $1758 (EMA 25).
• Major Support: $1725 (Buy Avg Price area).