In recent days, Ethereum has drawn attention again after approaching sensitive technical levels, leading followers to ask an important question: Is the current momentum capable of pushing the price to new highs?
📊 A look at daily data:
Current price: 2,598.68 USDT
Change over 24 hours: +6.44%
Volume over 24 hours: 17.32 billion USDT
Market Cap: Among the highest in the market after Bitcoin
📈 Technical analysis based on indicators:
🔹 Moving Averages:
MA(7) = 2487.44
MA(25) = 2507.39
MA(99) = 2187.71
> Price action above all the mentioned averages may reflect a short to medium-term bullish sentiment.
🔹 MACD Indicator:
MACD = 16.11
DIF = 2.53
DEA = -13.58
> The indicator shows positive momentum signals, with the fast line separating from the slow line, which is sometimes used as an indicator of the beginning of a new trend.
🔹 RSI Indicator (Momentum):
RSI(6) and RSI(14): Below 70
> This means that the price has not entered the "overbought" territory, which may leave room for additional movements.
🧠 Important levels to watch:
Strong support area: near 2,507
Notable resistance level: 2,729
Historical level: 2,879 (previous high)
> Price behavior around these levels may provide indirect signals about market intentions in the upcoming period.
🔎 A point to pay attention to:
A rapid price increase without a corresponding rise in trading volume, sometimes followed by a natural profit-taking.
Technical indicators are not considered definitive, but are used only as tools to understand the general movement.
💬 Community Information:
> Market analysis does not mean a certain prediction, but rather a potential reading of price behavior.
It is always important to balance caution and optimism, and to understand that the market moves according to multiple factors – including technical, psychological, and news-related.
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