📅 Aug 5 | ⏱️ Short-Term Outlook (Next 24–48 hrs)
📍 Current Price: $3,706.49 (+6.11%)
ETH is rebounding strongly, now testing key resistance at $3,727.
📊 EMA Levels:
EMA(9): $3,592.62 ✅
EMA(21): $3,623.11 ✅
EMA(50): $3,466.21
Price has broken above EMA(9 & 21) — a bullish sign after a correction phase.
📉 MACD
MACD: -2.95
Signal: 28.53
Histogram: -31.48
🔄 Bearish but improving — watch for a potential bullish crossover.
📈 Stoch RSI
Current: 38.61
Signal: 24.62
✅ Climbing out of oversold — suggests building momentum.
🛑 Key Levels
Resistance: $3,727 → $3,942
Support: $3,466 (EMA50), $3,462 zone
🔮 Scenarios
🔼 Bullish: Break above $3,727 = push to $3,800–$3,940
🔽 Bearish: Below $3,590 = retest $3,460 → deeper dip to $3,300 possible
✅ Conclusion:
ETH shows signs of trend reversal. Watch for volume breakout and MACD crossover for confirmation.
#ETH #EthereumTurns10 #ETHCorporateReserves #CryptoTA
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