🔍 Technical Analysis of Ethereum (ETH)

💵 Current Price: $2,533.51

📉 Change Percentage (Last Hour): -0.29%

⏱️ Time Frame: One Hour

📊 Ranking: Second Place Globally After Bitcoin

Ethereum has seen a decline from $2,541.71$ to $2,526.77, before starting to correct and rise again. Currently, it seems that the price is regaining some positive momentum after testing strong support areas.

📉 Current Trend: Corrective Uptrend

📌 Nearest Support: $2,526.77

📌 Nearest Resistance: $2,541.71

📈 Short-term Forecast:

If the positive momentum continues and holds above $2,542$ , we may see an attempt to break through the $2,560 levels.

However, if selling pressure returns, breaking $2,526$ could lead to a test of $2,510.

🧠 Strength of ETH:

Ethereum is not just a currency; it is a complete network that supports smart contracts and decentralized applications, making it the cornerstone for many projects in the cryptocurrency market.

⚠️ Investor Alert:

The price is in a short-term volatility zone, it is advisable to use stop-loss and manage capital well.