Ethereum Technical Analysis: Pullback Could Precede Surge to $3,300
Key Highlights:
Current Trend: Ethereum (ETH) is undergoing a technical pullback, not a trend reversal.
Support Zone: Analysts see $2,400 as the likely bottom of the retracement.
Momentum Signal:
Stochastic RSI: Currently at 79 – still in bullish territory, suggesting upward momentum is intact.
Price Targets:
Short-term: $3,000
Mid-term: $3,300, if ETH holds key support and reverses upward.
Analyst Views:
Titan of Crypto: Emphasizes strong RSI suggesting ETH is poised for more gains.
Chimp of the North: Points to a healthy retest of $2,400 before resumption of uptrend.
Conclusion:
While short-term weakness is expected, analysts believe this is a normal correction phase. As long as Ethereum stays above $2,400, the next leg up toward $3,300 remains viable.
