$ETH I hope you held on to your longs!

Based on the chart, the following observations can be made:

1. Upward Trend 📈:

• The ETH/USDC price has significantly increased, reaching a local high of 3480, indicating strong buying pressure.

• Moving averages (MA7, MA25, MA99) are aligned in a way that supports further upward movement, with shorter averages above the longer ones.

2. Possible Correction ⚠️:

• A bearish candlestick has appeared on the chart, suggesting a potential slowdown or temporary pullback.

• The MACD indicator is positive but shows signs of slowing momentum.

3. Volume Analysis 📊:

• High trading volume on recent candles suggests increased activity among investors, potentially leading to more price fluctuations.

Forecast:

If the price stays above the MA7 (3433), further upward movement is likely. However, if it drops below this level, a deeper correction might occur. 🚦#moontreder