#ETHBreaksATH WCT from Binance (posted two weeks ago)
Overall technical rating: Between Bearish and Neutral, most indicators suggest "Strong Sell" (12 MA Sell, 11 technical indicators Sell, and no Buy) (Binance).
RSI (6): Approximately 46.96 → Neutral.
The price fluctuates between $0.28 – $0.30 and faces strong support in this area (Binance).
Proposed strategy:
Gradual entry (DCA) near $0.28–$0.29.
Strict stop loss (-5%).
Resistance test around $0.323; a strong breakout may open the way towards $0.37–$0.40 (Binance).
Brief technical summary
SourceGeneral RecommendationSummary of IndicatorsKey NotesInvesting.comStrong BuyStrong buy signals from RSI, MACD, etc. Short-term momentum is very positiveCoinMarketCap AIEncourages upward movementBreakout resistance + high trading volumeMonitor $0.360–$0.408CoinCodexNeutral to PositiveConflicting signals, support ~0.304Resistance ~0.362, neutral preparatory range ↑ or ↓BinanceBearish – NeutralMost sell signalsSupport around $0.28 – $0.30; gradual buy suggestion
Overall summary
The short-term technical framework (+ daily framework) is very encouraging, with clear momentum and an increase in trading volume.
However, there are still significant resistances at ~0.36–0.37 and 0.39–0.40.
Strong support is currently in the range of $0.28–$0.30, which represents an attractive entry area