Ethereum (ETH) $ETH
currently faces a critical resistance at $2,545, aligned with the 99-day moving average—an important technical threshold. The MACD indicator remains strongly bullish, with the DIF (7.05) well above the DEA (0.92), and a wide gap (6.14) on the chart confirms upward momentum.
However, RSI is at 68, nearing the overbought zone (70). A push toward $2,545 with RSI above 70 may trigger a short-term bearish reaction.
Primary Scenario (60%): A strong move past $2,545 may lift ETH to $2,565, with potential to reach $2,580.
Alternate Scenario (40%): Failure to hold above $2,517 could result in a pullback to $2,488 or even $2,472 within 24 hours.
Trading Strategy:
Buy Zone: $2,517–$2,520 (on MACD rebound); stop-loss at $2,488.
Sell/Short-Term Entry: $2,545–$2,546 if RSI exceeds 70; stop at $2,552.
Avoid: Long positions at resistance ($2,545) without confirmation.
Safety Play: Buy at $2,520 and target $2,565.
While momentum is bullish, RSI nearing excess makes it a high-alert zone. Price behavior around $2,545 and $2,517 will define the next move.