🚨 Technical Analysis for $ETH – Daily Timeframe

▪️ Price is currently facing strong resistance in the $2,650 – $2,750 zone.

▪️ The 200-day moving average is acting as immediate overhead resistance.

▪️ RSI shows a bearish divergence while price forms an equal high – a potential signal for a correction.

📌 Possible Scenarios:

🔼 Bullish Scenario:

If the price breaks above the $2,750 resistance with a clear daily close, it could continue its upward move towards $2,900 – $3,000.

🔽 Bearish Scenario:

If the price gets rejected again and breaks below the $2,550 support, we might see a correction towards $2,400 – $2,250, especially with the bearish RSI divergence in play.

⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice

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