The displayed image is for the pair$ETH

ETHUSDT (Ethereum against the US Dollar) on Binance platform, showing a technical analysis using several technical indicators (RSI, MACD, Bollinger Bands, etc.). Here is the full analysis:

$ETH

🕯️ Candlestick Analysis:

Last 6 candles:

Most of them are long green candles, indicating strong upward momentum.

There is a candle with a long lower shadow (Hammer pattern) at the 2,111 area, indicating the market's rejection of a downward trend and the beginning of an upward movement.

The last candle is relatively small compared to previous candles, which may indicate a slowdown in upward momentum or that the market is entering a resistance phase.

📈 General market trend:$ETH

The trend is currently clearly upward.

The price rose from a low of 2,111 to over 2,350 in a short time.

The price has broken the upper limit of Bollinger, indicating excessive buying strength.

📊 Technical Indicators:

✅ 1. RSI (Relative Strength Index):

Value = 75.77

Above 70 ➤ Indicates that the market is in an overbought area.

This may indicate a potential price correction soon, but it is not considered a sell signal on its own.

✅ 2. MACD:

DIF = 21.50, DEA = 9.47, MACD = 12.04

MACD is positive and the histogram is green ➤ Strong upward momentum.

A positive crossover occurred earlier between the lines ➤ An excellent entry signal has been activated.

✅ 3. Bollinger Bands:

The price broke the upper limit (UP = 2,349.51)

This indicates the strength of the upward trend, but a break above the upper limit is often followed by a correction or fluctuation.

✅ 4. Volume:

We notice a clear increase in trading volume with the uptrend ➤ this supports the strength of the upward trend.

💡 Important Areas:

Type Price level Notes

Main support 2,111 The low of the upward reversal

Secondary support 2,231 Bollinger middle line (MB)

Resistance 2,379 The highest price of the last candle

Psychological resistance 2,400+ Strong round level

📌 Technical recommendation (not financial advice):

Current situation: Strong uptrend but in the "overbought" area.

✅ If you are in the trade, it is advisable to monitor the resistance at 2,379 - 2,400.

⚠️ It is not recommended to enter directly now as the market may correct.

📉 Possible entry after RSI returns to 60–65 or rebounds from a clear support level (like 2,300).

✋ Watch for any negative reversal candle or significant volume drop. Wait for your feedback in the comments and I look forward to your evaluation of the analysis and if there are any adjustments needed to the analysis. Thank you all.

And peace be upon the Messenger of God, our Prophet, our beloved, and the beloved of the Most Merciful, may God bless him and his family and companions, and grant them abundant peace until the Day of Judgment. O God, amen, O Lord of the worlds.

And peace be upon you and God's mercy and blessings

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