$ETH
ETH Analysis – Current price around $1600 (daily frame)
General trend:
• Bearish in the short and medium term, with attempts to stabilize.
Important areas:
• Current strong support:
$1500 – $1550
(Critical area; if broken, we might see $1350 or even $1200)
• Nearby resistance:
$1650 – $1700
(If surpassed with a strong close, it could be the beginning of a recovery)
• Targets in case of an upward movement:
• $1800
• $1950
• $2000 (psychological resistance area)
Technical indicators:
• RSI: Near 40 – the market is not in oversold territory but remains weak.
• MACD: Gives bearish signals, but shows the beginning of a slight positive crossover.
• 200 EMA: Price is below the average – we are still in a downward trend.
Summary:
• The situation is sensitive; if ETH holds above $1550, we might see a rebound.
• However, if it breaks below $1500, the decline continues and may reach $1350.
• Caution is required, and there may be opportunities for gradual buying (DCA) for investors.
#Ethereum #ETH #Binance #CryptoAnalysis #تحليل_كريبتو
