$ETH [TECHNICAL ANALYSIS – ETH/USDC]

Timeframe: 1D (Daily)

Trend:

ETH/USDC is currently in a short-term recovery phase after a prolonged downtrend. Price has broken above the EMA(7) and EMA(25), showing early bullish momentum, but it remains under the EMA(99), indicating that the long-term trend is still bearish.

Sentiment:

Cautiously Bullish in the short-to-mid term. If ETH maintains momentum above $1,770 (EMA7), a trend reversal confirmation could form.

Key Data:

• Current Price: $1,810.52

• EMA(7): $1,770.44

• EMA(25): $1,733.69

• EMA(99): $2,165.82

• 24h Volume: 538,011 ETH

• RSI(6): 68.94 (near overbought)

• RSI(12): 58.35

• RSI(24): 48.56

Highlights:

• ETH recently bounced from a local low of $1,383.67, creating a higher low, suggesting possible trend reversal patterns like a “double bottom.”

• The RSI(6) is approaching overbought levels, hinting at a potential short-term cooling or consolidation before continuation.

• A key resistance level is around $1,814 – $1,828 (recent highs), followed by major resistance at the EMA(99) near $2,165.

• Volume spikes during the bounce suggest strong buyer interest, but follow-up volume is needed to confirm strength.

Prediction (next months to 1 year):

• Short-term (1–3 months): ETH may consolidate between $1,700 and $1,900. A daily close above $1,900 with strong volume could trigger a move toward $2,150 – $2,300.

• Mid-term (6 months): If ETH successfully flips $2,300 into support, it may target the psychological zone around $2,500 – $2,700.

• Long-term (1 year): Assuming macroeconomic conditions improve and Bitcoin holds strong, ETH could retest the $3,000 – $3,200 area by early-to-mid 2026.

Conclusion:

ETH is showing the first technical signs of a trend reversal on the daily chart. However, a sustained move above $2,165 (EMA99) with high volume would be critical to confirm a full bullish trend. Risk management is recommended due to potential market volatility.

DYOR!