$ETH

Below is the latest technical analysis of Ethereum (ETH):

Current Trend:

Ethereum (ETH) is trading around $2,740.05, with a daily high of $2,755.15 and a low of $2,684.71. Following a recent strong increase, ETH is showing signs of a slight correction, with a gain of 0.41% compared to the previous day.

Important Support and Resistance Levels:

- Support: $2,600

- Resistance: $2,800

Breaking through the resistance level of $2,800 could pave the way for ETH to reach higher targets, while falling below the support level of $2,600 could lead to a deeper correction.

Technical Indicators:

- Moving Average (MA): ETH is trading above short-term (50-day) and long-term (200-day) MAs, indicating that the upward trend is being maintained.

- Relative Strength Index (RSI): RSI is currently at 60, suggesting that the market is not yet in overbought or oversold territory, hinting at the potential for the current trend to continue.

- MACD: The MACD line is above the signal line, supporting the current upward trend.

Conclusion:

Ethereum is in a steady upward trend, with technical indicators supporting this increase. Investors should closely monitor important support and resistance levels, along with technical indicators, to make informed trading decisions.

*Note: The analysis above is for reference only and is not investment advice. The cryptocurrency market is highly volatile; investors should exercise caution and conduct their own research before making decisions.*