#Write2Earn In-depth technical analysis of Ethereum – today
Here is the technical analysis of Ethereum:
🧭 1. General trend
Medium to strong bullish trend, trading above the 20, 50, and 100-day moving averages, while recording 'buy' signals on the ADX indicator (~27), MACD, and crossing above the signal line.
However, a slight bearish divergence appears on the RSI and MACD, warranting caution with any short-term corrective wave.
🛡️ 2. Key support levels
First strong support: at 2,500–2,530 $. Historical support showed effectiveness twice today with a comfortable rebound.
Secondary support: range 2,400–2,450 $; breaking it may lead to a deeper decline down to ~2,300 $.
🚧 3. Critical resistance levels
Immediate resistance: between 2,800–2,835 $ (including 200EMA and the high areas of Fibonacci).
Next target level: upon clear breakout, the next targets range between 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 timeframe, indicating strength without reaching 'overbought' saturation.
MACD shows a positive crossover on the daily, confirming the bullish trend.
Strong ADX (~30) with +DI above –DI, supporting the strength of the bullish trend.
📈 5. Chart patterns
The Cup-and-Handle pattern is clearly visible, with the Washington cup approaching a neckline break at ~2,750 $; this could push the price to 4,100 $ in the medium term.
Bullish flag breakout on 4 hours, indicating a shift of strength from consolidation to ascent.
🧰 6. Direct recommendations
Action level
Potential buy near 2,500–2,530 $ upon confirming a rebound
Partial profit taking at 2,800–2,835 $ while monitoring volume
Stop loss under 2,480 $ to reduce risks
Expand position after a stable breakout at 2,835–2,850 $ with good trading volume
🔮 7. Expected scenarios
1. Strong ascent: 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 bullish trend, as long as ETH remains above 2,500–2,530 $. Positive indicators and scenarios shifting towards resistance enhance 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