Ethereum (ETH) is currently showing mixed signals with some pullbacks after attempting to break the $2,788 level.
🔍 Technical indicators:
🔹 Current price: $2,651.99 (+0.19%)
🔹 Highest price in 24 hours: $2,788.00
🔹 Lowest price in 24 hours: $2,612.04
🔸 RSI (6) = 35.84 → in the oversold area, which may indicate a near-term rebound opportunity.
🔸 MACD = -10.07 / DIF = -6.12 / DEA = 3.95 → Negative signals indicating current momentum weakness, and the possibility of continued correction.
🔸 Stochastic indicator K = 25.08 → close to the oversold area, supporting the possibility of a near-term bullish rebound.
🔸 Trading volume (Vol) = 2,198 ETH → activity is still good but not at its peak.
📉 Price action: The price saw a strong peak at $2,788 before currently retreating to around $2,651, reflecting selling pressure at the peaks.
📈 Recommendation:
🔹 Potential buying area: between $2,600 and $2,620
🔹 First target (TP1): $2,740
🔹 Second target (TP2): $2,880
🔹 Stop loss (SL): $2,580
📌 Click on the currency name $ETH to buy directly 🔥
🔔 Note: Despite the current decline, the proximity of RSI and Stochastic indicators to the oversold areas may provide a short-term recovery opportunity. However, caution is advised, and price movement should be monitored at the main support of $2,600.
💬 Summary: $ETH in a corrective position after a strong rise. With momentum remaining average and indicators in areas supporting a rebound, there may be an entry opportunity at support with nearby bullish targets.
