💡 Quick Technical Analysis – ETH/USDT

✅ Clear bounce from support at $1,781.85 – the price bounced strongly from its lowest levels in 24 hours, showing notable buying interest at this level.

✅ RSI at 59.57 – in the upper neutral zone, indicating positive momentum without entering overbought territory (above 70), meaning there is still room for an increase.

✅ The MACD indicator shows slight bullish crossover signals – despite having negative values, the sideways trend and the shift of the bars to green may be an early sign of an upcoming positive reversal.

✅ The Stochastic indicator (K=50.61 / D=40.15) shows a positive bullish crossover – momentary momentum has begun to return, especially with J rising to 71.53.

$ETH

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🚀 Expected scenario:

Breaking the resistance level of $1,816 will push the price towards $1,836 then $1,850.

If it fails to stay above $1,800, the next support will be $1,781 – breaking it may lead to a rapid drop towards $1,760.

$ETH

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📊 Is there a technical pattern forming?

The price is currently fluctuating in a narrow sideways channel between $1,782 and $1,816.

There is a possibility of forming a 'Double Bottom' pattern if the breakout above $1,816 is confirmed.

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✅ Day trader advice:

Monitor the level of $1,816 closely – confirming a breakout with a 30-minute candle close may open the way for a strong rise.

Set a stop loss at $1,779, below the last low to reduce risks.

Do not enter before confirming the direction – and follow the trading volumes.

$ETH

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Do you think ETH will surprise the market and break 1,850 soon? Share your opinion!

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