ETH Analysis:
Short-term frame – CryptoPotato (11/7/2025):
• ETH has just broken the resistance level of $2,800 and surpassed $3,000 before experiencing a slight corrective movement.
• Important: the $2,800 area has now turned into very strong support. Currently, the 'higher highs, higher lows' pattern is being reinforced – indicating a continued bullish trend, according to Indiatimes.
🛠️ Current resistance – support (according to CoinDesk & CoinCentral):
• Strong resistance is around $2,980–3,000.
• Support is near $2,750, coming from the previous breakout.
📈 Technical indicators – Investing.com (11/7/2025):
• Most indicators: RSI ~71 (slightly overbought), MACD, ADX, CCI are all signaling 'Buy' according to both short and long-term MA – summarizing as Strong Buy across all timeframes from 5 minutes to weekly.
🚀 Technical patterns & medium – long-term outlook:
• Brave New Coin: ETH has broken out of the symmetrical triangle and the 'inverse head and shoulders' pattern, confirming the potential to retest $3,000 — if continued, the target could aim for $3,350–3,500.
• Seeking Alpha (7/10): ETH surpassed the 200-day and weekly EMA, paving the way for a long-term bull trend with further target objectives ($5,000, $10,000–$12,000).
