📊 Current price: 2,458.72 USDT

📉 Percentage change: -0.29% over 24 hours

Ethereum is moving quietly, but the charts say something completely different!

🧠 Precise technical analysis:

✅ Moving averages (MA):

MA(7): 2,449.86 → Price is above it (short-term positive momentum)

MA(25): 2,436.53 → Strong support on the short time frame

MA(99): 2,413.63 → Previous resistance turned into strong support

📈 MACD indicator:

Positive upward crossover (MACD: 3.71)

Signal for an incoming momentum, but needs higher trading volume for confirmation

📉 RSI(6): 65.59

Close to overbought → Be cautious of any sudden correction!

📊 Trading volumes:

Still weak, indicating the market is waiting for a surprising event to move the price

🔍 Key upcoming scenarios:

🔼 Positive scenario:

A clear breakout above 2,467 could push the price towards 2,500 then 2,520

🔽 Negative scenario:

Breaking 2,436 could bring the price back towards 2,391 and possibly lower

💡 Is it the right time to enter?

Analysis indicates positive momentum, but caution is necessary…

Wait for confirmation of trading volume or a break of resistance before making any entry decision.

$ETH

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