๐ก Quick Technical Analysis:
โ Fiery rebound! After dropping to $2,381, ETH surged strongly to reach $2,879 โ an incredible rise reflecting increasing buying appetite from investors.
โ Indicators are shining! The Relative Strength Index (RSI) is at 63.33 โ it has not yet entered the overbought zone, leaving the door open for further potential rise.
โ MACD sparks bullish momentum! The difference between the DIF and DEA lines reached 12.18, indicating strong upward momentum accompanied by clear buying waves.
โ Positive crossover between the averages! The MA(5) crossed with MA(10) confirms the upward movement, supported by significantly increasing trading volume.
๐ Stochastic Indicator (K: 75.36 / D: 79.86) is still in the strong momentum zone, with the possibility of pushing the price up before any correction.
$ETH
๐ Expected Scenario:
If the resistance level at $2,879 is broken, we may witness a price explosion towards $2,950 or even $3,000! In case of a pullback, strong support at $2,685 - $2,735 may provide a solid ground for a rebound again.
$ETH
๐ฅ Is ETH/USDT ready to explode?! With the acceleration of news about the Ethereum ETF and interest from major investors, the moment might be now โ donโt miss the chance to join this upward momentum! ๐๐งจ