$ETH Based on the 12-hour chart you've shared for ETH/USDC.
📊 ETH/USDC Forecast (12h Timeframe)
Current Price: $3,650.10
24h Change: +3.05%
Trend Indicators:
EMA(9): 3,606.49 (Yellow)
EMA(21): 3,626.79 (Pink)
EMA(50): 3,473.98 (Purple)
MACD:
DIF (MACD Line): 1.58
DEA (Signal Line): 23.33
MACD Histogram: -21.75
🔴 The MACD histogram is still negative, but showing signs of possible reversal as the bars are getting shorter.
STOCH RSI:
Stochastic RSI: 51.42
📈 The Stoch RSI is crossing above the 50 level, which may indicate growing bullish momentum.
Volume:
Recent volume shows a slight increase, supporting the price bounce from the recent low (~$3,467).
📈 Market Outlook:
Short-Term Bias: Bullish Recovery
ETH is rebounding after a dip, currently trading above all key EMAs (9, 21, and 50). The price has regained strength after touching the EMA(50) line, indicating strong support around $3,470.
Resistance Levels to Watch:
$3,737.77 (24h high)
$3,942.28 (recent local top)
Support Levels:
$3,606 (EMA 9)
$3,470 (EMA 50 and last consolidation level)
🔮 Forecast:
If ETH continues to close above the 9 and 21 EMAs, and momentum indicators (like MACD and Stoch RSI) keep improving, there is potential for a short-term rally toward the $3,737 - $3,940 zone. However, rejection at this level may result in another pullback.
