$ETH

Technical Analysis for ETH/USDT Pair (4-hour Interval)

Current Price: 2600.67 USDT (+2.81%)

Summary of Movement:

Overall Trend: Bullish in the short and medium term.

The price is trading above the moving averages MA(7) and MA(25), supporting the continuation of positive momentum.

RSI indicators are in the positive range (58–61), reflecting increased buying appetite without any overbought conditions.

The MACD indicator is still in the negative area, but there is a convergence between the lines indicating a potential upcoming positive crossover.

Important Levels:

Immediate Support: 2565 – 2530

Nearby Resistance: 2620 then 2730

A solid breakout above the current resistance may open the way to target higher levels in the short term.

Outlook:

As long as the price maintains trading above 2560, the outlook remains positive with opportunities for upward extension. Caution is advised for a clear break below 2530 as it may change the short-term trend.

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