#1. Current price
ETH/USDT is trading around $2,400, which is ~20% higher than the previous day.
The price has surpassed important resistance levels at $2,200 and $2,300.
2. Moving averages (MA)
MA(7) and MA(25) indicate a strong upward momentum.
The price has confidently settled above MA(50) and MA(200) — this confirms a bullish trend in the short and medium term.
3. RSI (Relative Strength Index) indicator
RSI > 70, indicating overbought conditions — a short-term correction is possible.
However, overbought conditions during a strong growth phase do not always signal a reversal — often they accompany trend continuation.
4. MACD indicator
MACD is above the signal line, and the histogram is rising — confirmation of upward momentum. No signs of divergence are observed yet.
5. Trading volumes
Volumes have sharply increased, indicating high trader interest and possible trend continuation.
Signs of large capital inflow are observed.
6. Support and resistance levels
Nearest supports: $2,300, $2,232, and $2,100.
Nearest resistances: $2,500, $2,750, and psychological level $3,000.
7. Overall picture
The technical structure of the market indicates a strong bullish trend.
A slight pullback to $2,300 is possible for liquidity accumulation before further growth.
Goal for May-June 2025: $2,800–$3,000, unless global negative news occurs.
