#ETHRally

📊 Here are the highlights of the last 2 weeks of Ethereum (ETH) technical analysis:

⚔️Current Market Value and Key Developments

ETH price is currently hovering around 4,720 USD.

In the last 24 hours, it has increased by approximately 5–5.4%.

On a weekly basis, it shows an increase of 26–28%, and on a monthly basis, around 53–57% rise.

⚔️📊 Technical Analysis Details (Investing.com & TipRanks)

Investing.com:

A “Strong Buy” signal is dominant across all time frames: all indicators from minutes to months are in the buying direction. There is sharp technical optimism.

RSI ~66.6, MACD and other oscillators are giving positive signals. All moving averages (MA5–MA200) are generating “Buy” signals.

⚔️ TipRanks:

In the 2-week technical assessment, the overall signal is: Buy (14 bull, 2 neutral, 6 bear); moving averages: Strong Buy (12 bullish).

However, indicators such as RSI (~74.8) and CCI are creating a “Sell” signal: it may have approached the overbought zone.

Some indicators like MACD and Stochastic RSI also confirm the overbought pressure, while momentum indicators like ROC are still in the “Buy” direction.

⚔️ Volumes & Institutional Interest

Institutional buying momentum is noteworthy: in recent weeks, Ethereum has been heavily accumulated by institutional investors and treasury firms. Especially, the regulatory environment approaching ETF and handling supports these movements.

Since the beginning of August, the ETH price has risen by around 41%; on the other hand, a momentum of nearly 14% has been achieved in the last week.

Standard Chartered has revised its year-end target for ETH to $7,500—this expectation is associated with the increase in stablecoin usage and fee demand on the Ethereum network.

Technical Outlook: Supports & Resistances

Support levels: $4,400–4,500 region, especially the bottoms formed after ETF announcements.

Resistance levels: around ATH between $4,700–4,750; if this region is surpassed, the psychological resistance area of $5,000 may be targeted.