$ETH

Overall trend: Still declining based on long-term averages (25 and 99).

Short-term indicators (EMA 7, RSI, and MACD): Indicate the possibility of starting a corrective upward wave or a bounce in the short term.

Main support: 1385.05

Nearby resistance: 1646.83

Conclusion:

If 1646.83 is firmly breached with good trading volume, we may witness additional upward movement towards higher levels.

However, if 1385 is broken, that confirms the continuation of the downward trend.