$ETH 📈 Technical Analysis on the Daily Time Frame

On the daily chart, the Ethereum cryptocurrency shows a price pattern known as the 'Bullish Flag,' which is considered a signal for the continuation of the upward trend after a period of consolidation.

• Main Support: Ranges between $2,395 and $2,699, representing Fibonacci retracement levels of 38.2% and 50%, which strengthens the significance of this support.

• Moving Averages: The 50-day exponential moving average crosses above the 200-day exponential moving average, forming a 'Golden Cross,' a strong bullish signal.

• Technical Indicators:

• Relative Strength Index (RSI): Shows hidden bearish divergence, indicating a potential slight correction before resuming the upward trend.