$ETH
Let’s analyze this ETH/USDC 12-hour chart carefully before discussing any potential prediction.
⚠️ Disclaimer: This is not financial advice. Always do your own research and consider multiple factors before trading.
🔍 Technical Snapshot
Price: 3,659.69 USDC
Trend: Attempting recovery after a pullback
Indicators:
EMA(9): 3,633.86 (price is above it)
EMA(21): 3,634.52 (price just above)
EMA(50): 3,500.08 (price clearly above)
➡️ This suggests short-term bullish momentum recovering.
MACD: Negative (DIF 9.48 < DEA 13.42), MACD = -3.94
➡️ Still slightly bearish, but histogram is flattening.
StochRSI: 63.63 (approaching overbought, but not extreme)
➡️ Short-term buying pressure.
Volume: Decreased after prior spike—this means breakout conviction is not yet strong.
Recent Action:
Price bounced off around ~3,312 and is consolidating above EMAs.
The last candles are higher lows, suggesting buyers are stepping in.
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📈 Potential Scenario (Short-term)
If momentum holds and price stays above EMA(21) (~3,634), ETH could retest:
Immediate Resistance: ~3,732
Next Resistance: ~3,942
If buyers fail to defend EMA(21), potential retrace to:
First Support: ~3,500 (EMA(50))
Stronger Support: ~3,312 recent swing low
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🧭 Bias
Short-term: Mildly bullish as long as above EMAs.
Momentum: Still recovering (MACD negative but improving).
Volume: Needs to increase for a stronger rally.
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✅ Summary
If price holds above ~3,634, expect retest of ~3,732–3,942.
If price falls below EMA(21) again, watch for support at 3,500–3,312.
