$ETH 🚀🔥💸💚🤑🚀💬....✒️✒️👇🏻👇🏻 "Strong upward momentum positively" 🚨🔍The current price of Ethereum is $4,778, with an increase of 1.13% from the previous price. The current momentum appears positive, as Ethereum has shown a significant rise above the $4,700 area. If this trend continues, the price may target the level of $4,817.40, which represents the highest price for today.
💹*Technical Analysis:*
- *Support and Resistance Levels:* The main support is at $4,710.90, while the main resistance is at $4,817.40. - *Momentum Indicators:* The buy-to-sell ratio for immediate buyers has turned positive, indicating renewed buying interest from U.S. institutions. - *Moving Averages:* The current price is trading above the 200-day moving average, suggesting a potential upward trend.
📉*Forecasts:*
- *Potential Rise:* If the upward momentum continues, the price may reach levels of $5,000 or more in the short term. - *Potential Drop:* If the price fails to maintain the current support levels, it may begin to decline towards levels of $4,500 ¹ ².
It is important to monitor the key support and resistance levels, as well as the momentum indicators, to determine the future direction of Ethereum's price. $ETH
