#CryptoComeback

Technical Analysis of ETHUSDT (Ethereum)

1. Indicator Signals

MACD: The MACD line (75.60) is above the signal line (31.89), with a positive histogram (43.71), indicating strong bullish momentum.

RSI: The RSI is currently at 88.37, which is in the overbought territory, suggesting that the asset may be overextended and due for a correction or consolidation.

Moving Averages: The last closing price (2188.20) is above the SMA_5 (1968.78) and SMA_20 (1822.13) but remains below the SMA_200 (2700.58). This indicates a short- to medium-term bullish trend, though the long-term trend remains bearish.

2. Overall Trend Patterns and Future Projections

Overall Trend Patterns: Ethereum has been in an uptrend since April 2, 2025, with a total price increase of +20.41%. However, the recent price decline, coupled with decreasing volume, suggests a potential rebound signal. Despite this, the trend reliability is questionable due to the lack of strong volume support.

Pivot Levels: The current price (2188.20) is near the fibonacci R1 (2140.06) resistance level. The next resistance levels are at R2 (2256.72) and R3 (2445.54), while support levels lie at S1 (1762.42) and S2 (1645.76).

Volume Analysis: The price decrease accompanied by lower volume indicates waning selling pressure, which could lead to a short-term rebound. However, the lack of significant volume suggests that the current uptrend may not have strong conviction.

Future Projections: Given the overbought RSI and the proximity to resistance levels, Ethereum is likely to face short-term resistance. A pullback or consolidation is probable before any further upward movement. If the price breaks above 2256.72, it could target 2445.54, but failure to hold above 2140.06 may lead to a retest of lower support levels.