$ETH technical analysis

1. Trend Analysis:

Look for Higher Highs and Higher Lows – indicates a bullish trend.

Lower Highs and Lower Lows – indicates a bearish trend.

2. Support & Resistance:

Identify recent swing highs and lows to spot near-term support and resistance zones.

3. Moving Averages (MA):

Use 20 EMA and 50 EMA:

Price above EMAs = short-term uptrend

Price below EMAs = downtrend

4. RSI (Relative Strength Index):

RSI > 70 → Overbought (possible pullback)

RSI < 30 → Oversold (possible bounce)

5. Volume:

Rising volume confirms the strength of a move.

Weak volume on a price move may indicate a fake breakout.

6. Candlestick Patterns:

Watch for signals like bullish engulfing, hammer, shooting star, etc. – they indicate potential reversals.

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✅ Example (Hypothetical):

ETH Price: $3,700

Trend: Higher lows forming (bullish)

RSI: 65 (near overbought)

Support: $3,660

Resistance: $3,720

→ If ETH breaks above $3,720 with volume, next target could be $3,750+.