📈 Technical Analysis of ETH
Ethereum shows a strong bullish trend, confirmed by technical indicators:
Support Levels: $2,494.19 (S3), $2,510 (S2), $2,530 (S1).
Resistance Levels: $2,652.6 (R1), $2,670 (R2), $2,690 (R3).
RSI: 70.5 — indicates possible overbought condition.
MACD: Positive crossover.
ADX: 45 — strong trend.
Williams %R: -20 — sell signal.
CCI: +150 — buy signal.
ATR: High volatility.
Ultimate Oscillator: 55 — neutral.
ROC: +5% — buy signal.
Bull/Bear Power: +50 — strong bullish trend.
📰 Latest News
ETH Price: $2,632.24, with a daily range from $2,494.19 to $2,652.6.
Trading Volume: Increased interest from institutional investors.
Pectra Update: Launching in April 2025, improving network scalability and efficiency.
Staking Growth: Reached a record of 34.8 million ETH, indicating trust in the network.
🔮 Forecast
If ETH holds above the $2,650 level, a breakout to $2,800 is possible. However, one should consider the potential corrective move to $2,500. It is recommended to monitor support and resistance levels for informed trading decisions.
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