Chart Observations – 1D (Daily Timeframe)
1. Current Price:
$ETH is trading around $2,519.
2.Support & Resistance:
Strong support zone at $2,400 – $2,450
🔸 Urdu: Yeh area demand zone lag raha hai — buyers yahaan se wapas active hue hain
Resistance around $2,800, where price faced rejection multiple times
3. RSI (Relative Strength Index):
RSI is at 53.27, which is neutral zone.
There's a visible higher low trendline on RSI → bullish divergence structure.
🔸 Urdu: RSI ne neeche se ek upward support trendline banayi hai, jo bullish signal de rahi hai.
5. Volume Note:
Volume ne extreme surge nahi dikhayi, lekin support pe buying interest zarur aya hai.
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📈 Long-Term Bullish Outlook
🟢 Bullish Structure:
Higher lows + consolidation above previous resistance now turned support = bullish continuation pattern.
🔸 Urdu: Price upar ki taraf move kar ke ab stable ho raha hai, jo aksar naye bullish leg ka signal hota hai.
💹 Potential Long-Term Targets:
If $ETH holds above \$2,400:
Mid-term : $2,800 –$3,200
Long-term : $3,800 – $4,500
Macro Fundamentals:
ETH 2.0 & Layer 2 ecosystems (Arbitrum, Optimism, etc.) still expanding.