$ETH

CHART ANALYSIS

1. Trend:

* Uptrend: The chart shows a clear uptrend, represented by the uptrend line (blue line). After dropping to the trendline, the price has bounced back up. This indicates that the price respects the trendline of this direction.

2. Support:

* Dynamic support: The uptrend line acts as a dynamic support level. As long as the price stays above this line, the uptrend may continue.

* Static support: The price level of 2.62000 USD can be considered a static support level. If the price drops, this area may attract buyers and prevent further decline.

3. Resistance:

* Static resistance: The price level of 2.800 USD is an important static resistance level. If the price exceeds this level, it may pave the way for further price increases.

* Nearest peak: The nearest peak is 2.848.88 USD, which is also a potential resistance level.

* Psychological resistance: The price level of 3.000 USD may serve as a psychological resistance level, as this is a round number.