In light of volatile market movements, Ethereum (ETH) has returned to the spotlight after bouncing back from the low of 2,373.00, currently recording 2,436.59 dollars.
So, is this recovery temporary? Or the beginning of a new upward wave? Here’s the technical analysis supported by indicators:
🔍 Quick look at the numbers:
Highest price in 24 hours: 2,459.99
Lowest price: 2,373.00
Change: -0.01% only, reflecting a potential "accumulation" phase.
📊 Technical analysis:
1️⃣ General trend:
After the sharp decline from 2,525.00, a positive reversal candle appeared at 2,373.00.
The price is currently testing the 99 moving average (MA99) at 2,450, an important technical resistance barrier.
2️⃣ MACD Indicator:
Clear positive crossover, and the fast line DIF (0.99) has started to separate from the slow line DEA (-2.83).
Momentum is gradually shifting in favor of buyers, but still with caution.
3️⃣ RSI Indicator:
RSI(6) = 44.32
RSI(14) = 48.80
RSI(24) = 48.18
→ The indicator is still in the neutral zone, meaning the price hasn’t reached overbought or oversold… This is an opportunity for professional traders to seize the next move.
🟢 Entry and exit zones:
Strong support: 2,373
Immediate resistance: 2,450
Breaking resistance means targeting 2,490 – then 2,525 again.
📌 Technical recommendation:
> 🔹 Short-term buying opportunity for traders when stabilizing above 2,430 with a stop loss below 2,390.
🔹 For medium-term followers, watch for a breakout above 2,450 to signal the start of a new upward wave.
⚠️ Advice for followers:
> Do not chase the market randomly...
Small movements herald big changes!
Stick to your plan, and watch the indicators closely, as real opportunities are born in calm areas before the explosion.
📍 Note: This analysis is for educational purposes only and is not an investment or financial recommendation. Trading is risky.
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