📈 1. Current price performance$ETH

- Current price: $2,766.9.

- Time performance:

- Weekly: +7.52%

- Monthly: +10.90%

- Last year: -24.53% .

- Short-term trend: Bullish after breaking the key resistance level of $2,735, with dynamic support above the 50-day simple moving average.

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📉 2. Critical support and resistance levels

- Nearby resistance:

- $2,800–$2,850: A crucial testing zone currently, with a close above $2,735 enhancing upward momentum.

- $2,143: A key resistance that must be broken to support a long-term bullish scenario.

- Immediate support:

- $2,735 (previous resistance turned support).

- $2,540: Secondary support if $2,735 is broken, with a potential sharp decline towards $1,600 if lost.

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📈 3. Technical indicators and market momentum

- Volatility:

- Strong buy signals on the weekly and monthly, while the daily frame shows 'neutral' with a buying tendency.

- Relative Strength Index (RSI): Previous selling pressure has started to ease with positive signals appearing.

- Moving Averages: Trading above the 50-day average boosts confidence in the short-term upward trend.

- Volatility: Estimated at 2.91%, requiring caution in risk management.

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💡 Practical trading recommendations

- Bullish scenario:

- Execution conditions: Daily close above $2,850.

- Targets: $3,400 ← $4,100 (after breaking $2,143).

- Bearish scenario:

- Execution conditions: Break of support at $2,735 with daily confirmation.

- Targets: $2,540 ← $1,600.

- Risk management:

- Stop loss: below $2,735 for short positions, and below $2,540 for long positions.

- Gradual buying: at support levels ($2,735 then $1,600) with incremental profit-taking at $3,400.

📣 Summary

Today's technical outlook is positive short-term, provided the price remains above $2,735, with monitoring:

1. Results of trade talks between the United States and China.

2. Bitcoin momentum due to its strong correlation with ETH.

3. Distribution indicators at testing $2,850 (critical resistance). Traders are advised to use buying increments at support with a clear stop loss.$ETH