The current scenario for $ETH is:
* It finds strong resistance at 2545 (the last 99-day moving average). This level is very important. * The MACD indicator is clearly positive: the DIF line (7.05) on the DEA (0.92) and the chart (6.14) has expanded, showing a real bullish pulse.
* The only risk is that the RSI indicator is at 68, near the surplus area (70). If the price reaches 2545 and the RSI reaches 70, a bear reaction is expected.
* A possible scenario (60%) is that the distance from 2545.5 with strong trading will lead to a rise to 2565 (today's peak), and then to 2580. * An alternative scenario (40%) is that a breakout between 2545 and 2517 (immediate support) will lead to a correction to 2488 or even 2472 (at least within 24 hours). * Buy: Only at support at 2,517-2,520, if supported by MACD reflection and confirmation (stop loss at 2,488). * Sell or short-term entry: at 2,545-2,546, if RSI rises above 70 (stop at 2,552).
* Avoid: Long positions at resistance at 2,545 without confirmation. * Safety strategy:
* Buy positions at a reflection of 2,520, taking profit at 2,565.
* If the price breaks through 2,545 while the RSI is supported below 70, follow the trend. * Current momentum is positive, but excessive RSI status is a factor that should be closely monitored.
The compass indicates this, but under certain conditions. The allocation is 2,545 (traffic blocks developing) and 2,517 (traffic keys reduced).