#ETHBreaksATH 3. Overview - Technical Analysis Summary
Recent Technical Signals:
RSI ≈ 39.6 → Moderate selling activity, without oversold conditions.
STOCH ≈ 99 → Strong signal for potential overbought conditions.
MACD Positive → Support for the uptrend.
ADX High → Indicator of strong market momentum.
Support and Resistance:
Immediate strongest support: ~113,100 dollars.
First strong resistance: ~117,500 dollars.
Additional resistance levels: 119,000 → 121,000 → up to 124,768 dollars.
Technical accompaniment indicates a potential scenario for a rise towards the 122,000 dollar area if the current resistance is successfully breached.
Concrete Technical Recommendations:
ScenarioDetailsBuy Conviction (Breakout)If the price breaks the resistance at 117,500 dollars, the next target is the 122,000–124,768 dollar area.Proposed Stop LossIt is recommended to place a Stop Loss below the immediate support, around 113,000 dollars, to mitigate risks.Range TradingProvided that the price remains between support ~113K and resistance ~117.5K, short-range trading can occur within this range.Waiting for a clearer movementGiven the divergence of indicators (RSI neutral, STOCH strong, MACD positive), some traders prefer to wait for a clear daily close above or below these levels before making a decision.