There is a rise very close, you should prepare now.
💡 Quick technical analysis:
✅ Clear bounce from the bottom! ETH bounced from $2,470 to reach $2,583, after a drop from the previous peak of $2,738.
✅ RSI is at 62.85! Still in the positive range, and has not entered the overbought territory – there is room for upward movement.
✅ MACD is starting to cross positively! The momentum indicator is giving signals of a potential upward move.
✅ Volume is gradually improving! The appearance of a strong green candle with an increase in trading volume – good support for the positive scenario.
✅ The stochastic indicator is in bullish territory (K: 79.51 | D: 67.35) – reflecting good buying appetite.
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🚀 Expected scenario:
If ETH manages to break the resistance at $2,612, we might see a quick retest of the $2,738.50 level, and then a move towards $2,800 in the short term.
In case of a pullback, strong support at $2,470 represents an attractive entry area for traders.
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🔥 Is this just the beginning of a new upward wave?!
The market is giving positive signals, and ETH shows intentions to regain its momentum. With breakout confirmations, entering now may be rewarding for calculated risks.
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Quick tips:
Don't neglect liquidity – an increase in volume with each green candle boosts confidence in the trend.
Set an appropriate stop loss below $2,470 to protect capital in case the bullish scenario fails.
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📢 Do you expect ETH to break the $2,700 barrier again? Share your prediction! 🚀👇
