#ETHCrossed2500
š Technical Analysis Overview
Ethereum's current technical indicators suggest a neutral to bullish short-term outlook:
Relative Strength Index (RSI): 54.46 ā indicates a balanced market without overbought or oversold conditions.
Moving Averages: Short-term moving averages (5, 10, 20, 50 periods) are aligned with upward momentum, while longer-term averages (100, 200 periods) suggest a bearish trend.
MACD: Positive at 4.96, signalling bullish momentum.
Stochastic RSI: 99.95 ā in overbought territory, cautioning against potential short-term corrections.
Average True Range (ATR): 21.29, indicating moderate volatility.
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Key Support and Resistance Levels
Support Levels: $2,490, $2,460, $2,430
Resistance Levels: $2,550, $2,580, $2,600
A breakout above $2,600 could signal a continuation of the bullish trend, while a drop below $2,430 may indicate a bearish reversal.
