#ETH Market Update and Price Outlook

Ethereum $ETH has stabilized after its recent correction, signaling a potential trend recovery Traders remain active as trading volume stays high showing continued market interest

Technical Indicators and Market Factors

🔹 RSI and MACD RSI remains neutral while MACD gives mixed signals suggesting an ongoing battle between buyers and sellers

🔹 Moving Averages ETH is holding above its 50-day and 200-day moving averages at $2550 and $2400 respectively, reinforcing a long-term uptrend

ETH Price Forecast

📌 Short-term fluctuations ETH may trade within the $2750–$2800 range in the coming hours

📌 Key support levels If $2650–$2600 holds, the market could see a potential bounce back towards resistance at $2850

📌 Breakout scenario A move above $2850 could trigger a stronger bullish rally, while breaking below $2600 may lead to further downside

Final Thoughts

Ethereum’s price stability and strong moving averages suggest a potential for further growth However, traders should watch market sentiment, trading volume, and macroeconomic factors to confirm any breakout or breakdown Will ETH hold its momentum or face resistance? Share your insights below