In the last 7 days, the price of Ethereum has risen by 11.27%, reaching $1,762.61. From the seven-day low, it has already increased by 14.66%. The growth is supported by the order book structure: demand outweighs supply, creating additional buying pressure and potentially reinforcing the uptrend.
The technical picture is ambiguous. The MACD indicator suggests a possible change in momentum or an increase in volatility. RSI and OBV remain consistently bullish, confirming sustained interest from buyers. At the same time, the expansion of the Bollinger Bands indicates increased volatility and potential market overbought conditions.
In my opinion, this momentum is organic rather than speculative. It is driven by the accumulation of positions ahead of anticipated news — particularly regarding the ETH ETF — as well as a gradual strengthening of trust in the altcoin market. However, the growth has already reached short-term resistance zones, so new purchases should be made cautiously.
The signal for action is a breakout above the $1,800 level on increased volumes. Otherwise, a pullback to the $1,680–1,700 zone for a retest of support is possible.
