🔸️Overview of price and volatility📈📉
Current price: Ethereum is trading around 4,554 USD, up about +3.2% from the previous closing price.
Daily trading range: between 4,393 USD and 4,569 USD.
This suggests an increase in activity and a clear presence of strong buying support in the market today.
Technical performance indicator from Investing.com
Across all time frames — from minute to month — the technical performance of ETH shows clear "Strong Buy" signals.
The data includes:
Moving averages: All MA indicators show a buy signal.
Other technical indicators:
RSI at 64.8 → Bullish continuation signal.
STOCH and StochRSI in the Overbought zones.
MACD and ADX reinforce the buying outlook.
🔸️Rating for ETH today
General signal: "Strong Buy" as well.
Technical indicators (Oscillators): 4 buy, the rest neutral.
Moving averages: 12 buy, positive indicators across the board.
RSI around 65 → Neutral state leaning towards bullish.
MACD present in the positive signal.
ADX indicates strong momentum supporting performance.
🍀Key support and resistance in the market
Today's levels according to recent research:
Fundamental support: at 4,150 USD, where about 340,000 ETH were accumulated, indicating a strong buying base.
Critical resistance: at 4,650 USD, where the price still struggles to break weekly above this level.
Barchart analysis:
Key pivot resistances: R1 ≈ 4,600.7 USD, R2 ≈ 4,773.2 USD, R3 ≈ 4,882.5 USD.
Support levels: S1 ≈ 4,319.0 USD, S2 ≈ 4,209.6 USD, S3 ≈ 4,037.2 USD.
Additional insights from TradingView
The potential for a "Head and Shoulders" pattern is noted with a rise near the resistance around 4,210 USD, with a neckline at 4,185 USD.
Movement scenarios:
Potential decline: If the neckline breaks, towards support at 4,068 USD → 4,003 USD.
Potential rise: A breakout at resistance at 4,210 USD may trigger a new upward wave.
🔸️Technical Summary: Your personal recommendations
Item Current evaluation
Daily performance Positive / "Strong Buy"
Technical indicators RSI (~65), positive MACD, strong ZMO
Immediate resistance between 4,650–4,600 USD
Immediate support between 4,150–4,319 USD
Chart patterns: "Head and Shoulders" reveals a potential path for decline or rise
🍀Recommendations:
If you are conservative: Wait for confirmation of a breakout at 4,650 USD with strong trading volume before entering.
For traders: A reversal can be targeted from 4,150–4,320 USD, with a flexible stop loss in case of a breakout.
For advanced traders: Watch for a breakout of the "Head and Shoulders"; an upward breakout signals a new target and a low correction may prompt continuation at support. #CryptoIntegration #MarketTurbulence