📊 Technical AI analysis for Ethereum (ETH) – Dated May 29, 2025
🔍 AI signals and technical analysis:
Ascending triangle pattern: Charts indicate the formation of an ascending triangle, suggesting a potential breakout above the 3000 USD level, especially with the crossing of the 50 and 100-day moving averages, which is a strong bullish signal.
Bullish flag pattern: There are technical expectations for the price to reach 3600 USD if this pattern is confirmed.
Relative Strength Index (RSI): RSI is close to 60, reflecting good bullish momentum without being overbought.
📈 Current price:
2746.74 USD
🔺 Daily increase: +118.35 USD (4.5%)
🟩 Current support levels:
2,450 USD – Strong support recently tested.
2,530 USD – Support confirmed by high trading volumes.
2,300 USD – Additional support in case of a pullback.
🟥 Current resistance levels:
2,700 USD – Immediate resistance.
2,875 USD – Strong technical resistance.
2,868 USD – Breaking this could push the price to 3,280 USD.
3,025 USD – Psychological and technical resistance.
3,600 USD – Potential technical target if the pattern is confirmed.
4,200 USD – Major resistance in the medium term.
📌 Upcoming forecasts:
If positive momentum continues supported by institutional demand and ETF funds, Ethereum could soon surpass the 3,000 USD mark. The fee burn mechanism also enhances the bullish trend in the medium term.
