📊 Ethereum (ETH) Analysis: Is the Rise Coming? 🔥
ETH is currently trading near $2,647, after breaking a significant resistance at $2,600 with strong buying momentum and an increase in trading volume. Is this an indication of a new rally towards higher levels? Let's analyze 👇
🔍 Technical Analysis:
General Trend: Bullish in the short term
Moving Averages (MA50 and MA200): Positive crossover supporting the continuation of the rise
Relative Strength Index (RSI): Currently at 54, indicating strong buying momentum, but approaching overbought territory
Current Support: $2,600
Next Resistance: $2,700 – If broken, we may see ETH towards $2,800 soon!
⏳ Expectations for the coming hours:
🔼 If ETH maintains trading above $2,600, there is a high likelihood of continued rise
🔽 However, if this support is broken, we may see a correction towards $2,550 before another attempt to rebound
📌 Tip: Keep an eye on news and market fluctuations, especially any updates on blockchain networks or significant movements in wallets
🚀 Do you expect ETH to reach $2,800 before the end of the week? Share your thoughts in the comments 👇
