💡 Quick technical analysis:
✅ Sharp rebound after a deep drop! The price jumped from a low of 2,111 USDT to above 2,450 USDT, forming a series of ascending highs and lows on the 2-hour timeframe; indicating the start of a positive trend.
✅ RSI (6) at ≈ 61 – it has exited the oversold zone and moved towards positive neutrality; confirming improved momentum and carrying the potential for additional upward push if buyers gain the upper hand.
✅ MACD is positive (DIF > DEA) with a gradual widening of the histogram; bullish momentum is increasing, and any deeper bullish crossover could ignite a long green candle soon!
📊 Trading volume is stable with a tendency to increase in bullish candles; another slight rise in volume could be the spark that launches the price to test the next resistances.
🚀 Expected scenario:
If ETH can surpass the 2,458 – 2,483 USDT zone with a clear close, we may witness a surge towards:
2,583 USDT (previous local high)
2,680 USDT (peak at the end of May)
2,800 USDT and possibly testing 3,000 USDT in the medium term if the overall market supports the movement.
In the event of a pullback, 2,333 USDT represents dynamic support on the 2-hour timeframe, and breaking it could temporarily push the price to 2,208 USDT or even revisit the low of 2,111 USDT before attempting a new bounce.
🔥 Is ETH ready to take off?!
The indicators show that selling pressure has been greatly exhausted, and the price is trading below critical resistance directly. Any liquidity injection from whales or a boost from positive news could turn this consolidation into a fierce ascent! 🚀
📢 Share your opinion – do you expect a breakout above 2,500 USDT this week? 👇
📌 Important tips (not investment advice):
🔹 Watch for MACD line crossovers; they are often the first signal of a strong reversal.
🔹 Set your targets and stop losses before entering, and don’t let emotions drive your decisions.
🔹 Utilize support and resistance areas to scale your positions and gradually exit with profit.$ETH