Chart Observations – 1D (Daily Timeframe)

$ETH

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.

#MarketPullback #ETH