$ETH Will the price adjust to $1780?
- EMA Price is higher than all EMAs, confirming a short-term uptrend. However, there is no significant crossover or divergence signal yet.
- BOLL Near the Upper Band, the market is overbought. Caution is needed for the risk of a downward correction if the price does not break UP.
- VOL Volume is stable; upward momentum still exists but needs confirmation by breakout.
- MACD MACD is declining although the price is increasing; upward momentum is weakening. If the Histogram turns positive, it will continue to rise; conversely, it will reverse.
👉 Short-term trend: Up but overbought, could adjust to the range of 1,799–1,780 (50% Fib). If it breaks below the Lower Bollinger Band (1,749.60), the trend will be downward.
👉 Buy Strategy:
- When the price retraces to 1,799.20–1,800 (50% Fib) with increasing volume.
- Stop Loss: Below 1,789.25 (38.2% Fib).
- Take Profit: Above 1,809.15 (61.8% Fib) or break above 1,821.35 (76.4% Fib).
👉 Sell Strategy:
- If the price closes below 1,789.25
- Target 1 1,780
- Target 2 1,777.05 (23.6% Fib).
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