1. Current price performance
- Current price: ~2,548.7 – 2,573.19 USD, with daily fluctuations between 2,348.38 and 2,588.63 USD.
- Daily change: Increase of +8.18%.
- Market capitalization: ~307.7 – 310.57 billion USD, with a daily trading volume of approximately 26.78 – 27.59 billion USD.
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2. Main technical analysis
- Overall trend:
- Moving averages (MA) across all time frames (5 days to 200 days) indicate a "strong buy" signal, with price stability above key support levels such as 2,550 USD.
- The "negative head and shoulders" pattern in the short term may create downward pressure, especially with the price trading below the 50-day simple moving average.
- Technical indicators:
- RSI (14): At 65.626, indicating upward momentum without reaching the overbought area (above 70).
- MACD (12,26): Buy signal with positive divergence.
- Support and resistance levels:
- Strong support: 2,520 – 2,550 USD (a frequently tested area according to Fibonacci analysis).
- Major resistance: 2,630 – 2,700 USD, with potential rise towards 2,850 USD in case of a breakout.
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3. Investment recommendations
- Bullish scenario:
- Buy activation: Upon breaking 2,630 USD with confirmation of positive momentum, with a stop loss below 2,520 USD.
- Profit targets: 2,724 USD (near resistance), then 2,850 USD.
- Bearish scenario:
- Sell activation: If the level of 2,520 USD is broken, with a stop loss above 2,580 USD.
- Downward targets: 2,445 – 2,300 USD.
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Summary:
The current price of Ethereum reflects a competition between positive technical signals (such as moving averages and indicators) and short-term negative pressures (like the head and shoulders pattern). Traders are advised to monitor levels of 2,520 USD (support) and 2,630 USD (resistance), focusing on technical news and institutional liquidity. For long-term investment, Ethereum remains an attractive option due to its technical updates and central role in the decentralized finance (DeFi) sector.
