$ETH 1. Current price:
The price is trading at 2522.05 USDT.
2. Moving Averages (MA):
MA7 (2519.25) is above MA25 (2491.80), indicating a short-term upward trend.
The price is also above MA99 (2347.75), which supports the medium-term upward trend.
3. Relative Strength Index (RSI):
RSI(6) = 52.03
RSI(14) = 51.73
RSI(24) = 52.49
> All values are close to the 50 level, indicating a balance between buying and selling forces currently without saturation.
4. Moving Average Convergence Divergence (MACD):
DIF = 6.94, DEA = 0.15, MACD = 6.80
> A clear positive crossover between the MACD and the signal line, indicating the beginning of good buying momentum.
5. Candles and Price Movements:
A strong rebound occurred from the low of 2312.62, which is an important support level.
After bearish candles, consecutive green candles appeared, confirming the attempt to return to an upward trend.
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General Technical Analysis:
Overall trend: Upward in the short and medium term.
Important support: 2490 then 2310.
Nearby resistance: 2615 - breaking it gives a strong signal towards 2730.
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Recommendation:
Buying is good from the 2490–2510 areas with a stop loss below 2450.
Selling or taking profits near 2615 or if reversal candles appear.