📊 Technical AI Analysis of Ethereum (ETH) – Dated May 29, 2025

🔍 AI Signals and Technical Analysis:

Ascending Triangle Pattern: Charts indicate the formation of an ascending triangle, signaling a potential breakout above the $3000 level, especially with the crossover of the 50 and 100-day moving averages, which is a strong bullish signal.

Bullish Flag Pattern: There are technical forecasts for the price to reach $3600 if this pattern is confirmed.

Relative Strength Index (RSI): RSI is close to 60, reflecting good upward momentum without being overbought.

📈 Current Price:

$2746.74

🔺 Daily High: +$118.35 (4.5%)

🟩 Current Support Levels:

$2,450 – Strong support recently tested.

$2,530 – Support confirmed by high trading volumes.

$2,300 – Additional support in case of a pullback.

🟥 Current Resistance Levels:

$2,700 – Immediate resistance.

$2,875 – Strong technical resistance.

$2,868 – Breaking this may push the price to $3,280.

$3,025 – Psychological and technical resistance.

$3,600 – Potential technical target if the pattern is confirmed.

$4,200 – Major resistance in the medium term.

📌 Upcoming Forecasts:

If positive momentum continues supported by institutional demand and ETF funds, Ethereum may soon surpass the $3,000 barrier. Additionally, the fee-burning mechanism enhances the upward trend in the medium term.