$ETH Ethereum shows mixed signals but remains in an upward channel. The next 24 hours could determine whether we see continuation to $1,900 or a pullback to test lower supports. Liquidity appears strong at both key
**Current Price: $1,804.80 (+0.99%)
**24-Hour Range:** $1,738.02 - $1,841.16
**Key Observations:
1. The price is currently testing resistance near $1,840 after a modest gain.
2. Support holds strong around $1,738, which has been tested multiple times.
Technical Indicators:
- RSI at 63.46 suggests bullish momentum but not yet overbought
- MACD shows slight bearish divergence but lines are converging
- Price trading above both 7-day and 25-day moving averages
**Critical Levels to Watch:**
- Upside Breakout: A sustained move above $1,842 could target $1,900
- Downside Risk: Closing below $1,738 may lead to $1,700
**Trading Considerations:**
For short-term traders:
- Consider long positions if price holds above $1,800 with target $1,840
- Watch for rejection at resistance for potential reversal plays
For conservative investors:
- Wait for clearer breakout confirmation above $1,842 or below $1,738
- Larger moves may develop after these levels are decisively broken
**Note:** Always use proper risk management and consider market conditions before entering trades.