$ETH on the daily chart shows signs of potential recovery after a significant decline. The price is consolidating above the short-term EMAs (9 and 21), which may indicate a trend change, but key resistance levels are still ahead.
📈 What do the indicators signal?
🔹 MACD has entered the positive zone, indicating an increase in momentum.
🔹 RSI(6) = 60.54 – neutral overbought zone, allowing for some further growth.
🔹 Volumes are increasing, indicating heightened interest from buyers.
🔎 Forecast:
If ETH breaks through EMA(21) and consolidates above, the next target is the zone of $2,250-2,300. However, EMA(50) could become a serious barrier. Without significant volume, breaking this level is unlikely.
⚠️ Risks:
A pullback is possible in the event of a general market decline. Capital protection is a priority.