$ETH đ Technical analysis: Why Ethereum could break $2700 đ
ETH shows a bullish structure on the daily, with an imminent breakout above the key level of $2700, corresponding to a horizontally tested resistance (R1 on the 4h chart). Buying volumes are increasing, supported by accumulation at the supports of $2550-2600. The RSI (14) remains in neutral territory (~60), with no overbought conditions, indicating a potential for continuation. The order books show low selling liquidity up to $2700, facilitating a possible bullish engulfing. A daily close above $2700 with high volume would confirm the breakout and pave the way towards $2900-3000. Watch the MACD for momentum confirmation!
