Here’s a full technical analysis of the ETH/USDT daily chart (1D timeframe) :
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1. Price & Trend Overview
• Current Price: $1,796.38
• Daily Change: +10.32% (Strong bullish momentum)
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2. Moving Averages (MA)
• MA(7) - $1,643.58 (white): Short-term bullish crossover just occurred.
• MA(25) - $1,666.92 (yellow): Recently broken to the upside—bullish signal.
• MA(50) - $1,830.30 (pink): Acts as next resistance.
• MA(99) - $2,333.57 (blue): Long-term resistance, price is far below—still in macro downtrend.
• MA(200) - $2,754.99 (green): Major resistance and downtrend marker.
Signal: The crossover of price above MA(7) & MA(25) is bullish. If it breaks MA(50), a medium-term uptrend may begin.
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3. Support & Resistance Levels
• Support Levels:
• $1,666 (MA25)
• $1,643 (MA7)
• $1,385 (recent swing low)
• Resistance Levels:
• $1,830 (MA50)
• $2,028 (local resistance)
• $2,104 (recent high)
• $2,333 (MA99)
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4. Volume Analysis
• Volume spike on the bullish candle shows strong buyer interest.
• Sustained volume increase suggests confirmation of the breakout.
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5. MACD (Moving Average Convergence Divergence)
• MACD: 36.81, DIF: -51.63, DEA: -88.44
• Histogram is increasing positively, MACD line crossing up = bullish crossover
• First bullish momentum since prolonged bearish phase.
Signal: Bullish MACD crossover indicates buy signal.
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6. RSI (Relative Strength Index)
• RSI(8): 68.32 – Near overbought
• RSI(13): 57.04 – Neutral-bullish
• RSI(21): 49.33 – Turning upward
Signal: RSI(8) approaching 70 may signal short-term overbought, but overall RSI is still not overheated, so rally can continue.
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7. Candle Pattern
• Strong bullish candle, breaking out from consolidation.
• Previous candle was an indecision type (likely a doji or small-bodied candle), followed by a strong bullish engulfing — classic breakout confirmation pattern.
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8. Buy/Sell Signals
• Buy Signal (Short Term): Confirmed above $1,666 and $1,643. Volume + MACD support the buy.
• Next Target: $1,830 (MA50). If broken, $2,028 and $2,104 come into play.
• Sell Signal: If price gets rejected at $1,830 and RSI(8) hits >70, a short-term correction may follow.
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Conclusion
• Bias: Bullish (short to mid-term)
• Actionable Setup:
• Long Entry: On pullback to $1,666–$1,685 with stop loss below $1,640
• Target 1: $1,830
• Target 2: $2,028
• Stop-loss: Below $1,640 (just under MA7)
