$ETH

God knows best

✅ Technical analysis conclusion for ETH/USDT daily frame:

1. Bollinger Bands:

• The Bollinger Bands are still relatively narrow on the daily interval as well, showing a slight tendency to expand.

• The price is currently within the band and moving upward, nearing or exceeding the middle band (Mid Band), indicating an improvement in upward momentum.

2. Current Price:

• The price is at 2,581.34, which is higher than the visible average purchase (2,434), and higher than the previous low (2,381).

• This means that a higher low has formed, which is a bullish signal within the overall context.

3. RSI (Relative Strength Index):

• RSI(6) on the daily is approaching 65, which is in a positive area, but it has not yet entered overbought territory, allowing room for further rise.

4. Daily Candles:

• The current candle is bullish and continues from the previous day's candle, indicating continued upward momentum unless a reversal candle appears nearby.

🔔 Summary of the conclusion on the daily frame:

• There are clear positive signs on the daily frame, especially with:

• The narrowing of the Bollinger Bands (suggesting an impending breakout).

• Formation of a higher low.

• Improvement in momentum indicators (RSI).

• Positive candle movement.

✅ If the level of 2,600 – 2,620 is breached with a strong daily close, it will be an official confirmation of the start of a new upward wave.

🎯 The next targets after confirmation will be:

1. 2,700 – 2,738

2. 2,850 – 2,900

3. Then 3,000+