$ETH
General Trend:
It is clear that the price was in a strong downtrend and then there was a strong rebound from the level of 2,589.78 USDT, rising to 2,741.28 USDT at a rate of +5.47%.
The long wick at the bottom indicates strong buying (Long wick) and liquidity entering at this level.
---
📊 Indicator Signals:
✅ RSI (Relative Strength Index): Most likely trending upward from oversold areas, which may give a positive short-term signal.
✅ MACD: It appears to have started a positive crossover (Bullish Crossover), indicating a potential continuation of the rise.
✅ OBV (On-Balance Volume): There is a clear increase in buying volumes according to the lower chart, supporting the upward movement.
---
📉 Support and Resistance Levels:
🟢 Strong Support: 2,589 – 2,600 USDT (the price rebounded strongly from it)
🔴 Current Resistance: 2,795 – 2,800 USDT (highest price in the last 24 hours)
📌 Watch Zone: 2,750 – 2,765 USDT (current fluctuation zone that the price may test multiple times)