$ETH 🎆 Attention traders! 🪬 Ethereum (ETH/USDT) is showing interesting signals on Binance that you can't ignore. Let's do a quick technical analysis! 🧿

ETH's current price stands at $1,795.39, with an impressive 24-hour trading volume of 1.038B USDT. 🖼 On the weekly chart, we see that ETH has been respecting key levels. After hitting a recent high of $4,411.66 (October 2021), the price corrected to solid support at $1,655.19, which acted as a base for a rebound. We are now seeing a bullish crossover in the moving averages (EMA Cross), suggesting potential bullish momentum. 📊

📈 Key Indicators:

RSI: At 61.61, close to the overbought zone (70), but still with room to grow.

Volume: Increasing, supporting the bullish movement.

Support and Resistance: Support at $1,666.72 and immediate resistance at $2,341.37. If it breaks this resistance, we could see a push towards $3,114.81. 📉

🔎 Scenario: If volume continues to increase and the RSI doesn't overheat, ETH could be ready for a rally towards $2,500 in the short term. However, beware of a possible correction if it fails to break above $2,341.37. Keep a tight stop loss! 🔢

⏯️ Historical returns (TradingView): ETH is up 11.6% over the past 30 days, but has fallen -44.6% over 90 days, indicating that we are in a recovery phase. Could this be the start of a new uptrend? 🔝

🚼 What do you think of this analysis? Share your strategy and join the discussion! 🔜

Note: This analysis is for educational purposes and does not constitute financial advice. Trade at your own risk! ⚠️