💡 Quick Technical Analysis:
✅ Stability above support! ETH price is hovering around $1795 after testing a low of 1732.59, indicating strong support at this level.
✅ Indicators are neutral leaning positive:
RSI at 48.64: We have not yet entered the overbought area, leaving the door open for further upward movement.
MACD shows a slight negative divergence (DIF: 3.21 vs DEA: 7.97), but the gap is narrowing, indicating the possibility of a bullish crossover soon.
✅ Stable trading volumes with slight volatility, indicating a potential accumulation phase before a major move ahead.
🚀 Expected scenario:
If the price breaks above 1803 then 1857, the doors may open for a new upward wave towards 1900 – 1950!
If the support at 1732 is broken, we may return to test the 1660 – 1620 areas.
🔥 Is ETH ready to explode?!
As MACD and RSI approach crossing in the middle of the range, we might be facing a strong reversal moment. Watching the next candle on the 4-hour timeframe could be key!
📊 Technical pattern analysis:
🔍 Are we witnessing the formation of a "bullish flag" pattern?
The price is moving sideways after a rapid rise – a pattern resembling a flag or ascending triangle, suggesting a forthcoming breakout once the resistance line is broken.
🚨 Supportive signals from indicators:
RSI close to 50 → potential for a breakout at any moment.
MACD may cross positively in the coming hours → momentum signal.
Trading volumes are not high but stable → suggesting a quiet accumulation.
🎯 Expectations for the next move:
Breaking above 1803 then 1857 will push towards a new upward wave.
Strong support at 1732, and breaking it could temporarily change the equation.
💬 My personal opinion:
ETH seems to be in a preparatory phase before the big move. Technical indicators are balanced but leaning towards optimism. A slight breakout could ignite a strong buying wave. A very important moment to watch!
✅ Final advice:
Place a stop-loss below 1730 to avoid any sudden reversal.
Don't ignore the indicators – any positive crossover on MACD or RSI above 50 = strong opportunity.
📢 Do you expect ETH to explode and break the 1857 barrier soon? Or is there a corrective drop before the launch? Share your opinion!
