#SparkBinanceHODLerAirdrop Here's the technical analysis of Ethereum in English:
🧭 1. General Trend
The trend is moderately to strongly bullish, as ETH is trading above the 20, 50, and 100-day moving averages. It is also showing “Buy” signals on the ADX (~27), MACD, and has crossed above the signal line.
However, a slight bearish divergence appears on both the RSI and MACD, which suggests caution in the event of a short-term correction wave.
🛡️ 2. Key Support Levels
Primary strong support: Between $2,500–$2,530. This historical support has proven effective twice today with a solid rebound.
Secondary support: In the $2,400–$2,450 range; a break below this could lead to a deeper decline toward around $2,300.
🚧 3. Critical Resistance Levels
Immediate resistance: Between $2,800–$2,835, which includes the 200EMA and high Fibonacci zones.
Next target level: Upon a clear breakout, the next targets are between $3,000–$3,150, potentially extending to around $3,400–$3,800 by month-end.
📊 4. Momentum & Volatility Indicators
RSI is around 60–62 on both the 4-hour and daily timeframes, indicating strength without entering overbought territory.
MACD shows a positive crossover on the daily chart, confirming the bullish trend.
ADX is strong (~30) with +DI above –DI, supporting the strength of the upward trend.
Let me know if you'd like a simplified version or a chart to go along with it.