Ethereum (ETH) is trading at $1,825.41, up 0.53% in the last 24 hours, with a volume of $1.05 billion—indicating solid market enthusiasm.
Bullish Signals Getting Stronger
The price of ETH is currently above the Middle Bollinger Band ($1,705), indicating a short-term uptrend. If it can break through the Upper Band ($1,912), the psychological target of $2,000 could be reached soon.
Indicators Support Uptrend
MACD confirms the uptrend (DIF > DEA).
stochastic RSI is approaching the overbought zone, but is not yet saturated—there is still room to rise.
Trading volume is increasing, strengthening technical signals.
Important Levels
support: $1,705 and $1,500
resistance: $1,912 and $2,000
Smart Strategy
If ETH can breakout above $1,912 with strong volume, traders may consider a long position. However, watch out for a correction if the price fails to break through resistance.
Note: This article is not investment advice. Always conduct your own research before making decisions.