In-depth technical analysis of Ethereum – today
Here is the technical analysis of Ethereum:
🧭 1. General trend
Medium to strong upward trend, trading above the 20, 50, and 100-day moving averages, while signaling 'buy' on the ADX indicator (~27), MACD and surpassing the signal line.
However, a slight bearish divergence is seen on the RSI and MACD, which calls for caution with any short-term corrective wave.
🛡️ 2. Key support levels
The first strong support: at 2,500–2,530 $. Historical support that has shown effectiveness twice today with a comfortable bounce.
Secondary support: range 2,400–2,450 $; breaking it could lead to a deeper decline to ~2,300 $.
🚧 3. Critical resistance levels
Immediate resistance: between 2,800–2,835 $ (including 200EMA and high Fibonacci areas).
The next target level: upon clear breakout, the next targets range from 3,000–3,150 $, possibly extending to ~3,400–3,800 $ by the end of the month.
📊 4. Momentum and volatility indicators
RSI at ~60–62 on the 4-hour and daily frames, indicating strength without reaching 'overbought' saturation.
MACD shows a positive crossover on the daily, confirming the upward trend.
Strong ADX (~30) with +DI above –DI, which supports the strength of the upward trend.
📈 5. Chart patterns
The Cup-and-Handle pattern is clearly visible, with the Washington Cup nearing a breakout neckline at ~2,750 $; this could push the price to 4,100 $ in the medium term.
Bullish flag breakout on 4 hours, indicating a shift in strength from consolidation to upward.
🧰 6. Direct recommendations
Action level
Potential buy near 2,500–2,530 $ upon confirming the bounce
Take profit stages at 2,800–2,835 $ while monitoring volume
Stop loss under 2,480 $ to reduce risks
Expand position after breaking 2,835–2,850 $ consistently with good trading volume
🔮 7. Expected scenarios
1. Strong rise: breaking ≥2,835 $ pushes towards 3,000 $ then 3,150–3,400 $.
2. Sideways consolidation: price stability between 2,600–2,800 $ with fading momentum.
3. Corrective drop: breaking <2,500 $ accompanied by pressure threatens to drop to 2,400–2,300 $.
✅ Summary
The current technical structure supports a calculated upward trend, as long as ETH remains above 2,500–2,530 $. Positive indicators and scenarios shifting towards resistance boost confidence, but slight divergence on RSI/MACD warns against rushing in. Waiting for confirmation of a breakout above resistance provides a better and less risky opportunity.
This is not financial advice, good luck to everyone
