Ethereum (ETH), the second largest cryptocurrency in the world, is currently trading around $2,486.64. After a strong growth period, ETH is adjusting and accumulating before determining the next trend. Below is a detailed technical analysis based on RSI, MACD indicators and important support-resistance areas.
1. Current market situation
ETH has broken the resistance level of $2,500 and is currently trading around $2,486.64. Although there is a slight correction, the medium-term upward trend remains intact. Investors are closely monitoring to identify suitable entry points.
2. RSI and MACD analysis
RSI (Relative Strength Index): On the H4 timeframe, RSI fluctuates around 55–60, indicating the market is in a balanced state, neither overbought nor oversold. On the D1 timeframe, RSI is around 60–65, indicating that the medium-term upward trend remains strong.
MACD (Moving Average Convergence Divergence): On the H4 timeframe, MACD remains above the signal line, indicating that the short-term upward momentum is still positive. On the D1 timeframe, MACD also gives positive signals when the fast line crosses above the slow line, confirming the medium-term upward trend.
3. Support and resistance areas
Support:
Nearest range: $2,400 – $2,450, which is the ETH price area that may recover if there is a slight correction.
Stronger support: $2,300, if the above range is broken.
Resistance:
Short-term range: $2,500 – $2,550 is an important technical resistance area that needs to be surpassed to confirm the continued upward trend.
If this range is broken, ETH may target a higher range around $2,700 – $2,800.
4. Forecast and recommendations
If ETH maintains support and a MACD crossover occurs, it is likely that the price will retest the resistance area of $2,500 – $2,550 in the short term.
Conversely, if it breaks the support of $2,400, ETH may drop deeper to the $2,300 area to find a new equilibrium point.
Recommendations for traders
Short-term: Consider buying at the support level of $2,400, taking profit near the resistance area of $2,500.
Medium-term: Monitor MACD signals on D1 to confirm the trend before increasing positions.
⚠️ Risk warning
The analysis above is for reference only and is not investment advice. The cryptocurrency market is highly volatile; investors should carefully consider and manage risks before deciding to invest.
