Market Report:
$ETH Sample Resilience on Key Levels Ethereum continues to demonstrate a solid recovery structure after recent support tests. The price behavior on higher timeframes suggests that buying pressure is gaining ground against supply.
🔍 Detailed Technical Analysis:
Daily Chart (1D):
$ETH is currently trading at $2,065.16. It is very positive to see how the price remains above the $2,026 zone, seeking to stabilize to attack the higher long-term resistances.
4H Timeframe:
In the short term, the asset is battling with the 200 EMA (light green line) located near $2,100. Overcoming this barrier is the necessary catalyst to seek the next technical target.
Indicators:
The RSI in 4H is at 61.27 points, reflecting a healthy bullish momentum with room for growth before reaching overbought levels.
🛡️ Projected Scenarios
The $2,100 zone acts as the immediate main resistance. A 4H candle close above this level would pave the way to $2,200. On the other hand, we have strong dynamic support in the $2,030 - $2,045 range backed by short-term EMAs.
Do you think $ETH will break $2,100 before the weekly close or continue consolidating in this range? 👇
#Write2Earn
#ETH
#Ethereum #TechnicalAnalysis #CryptoTrading
$ETH Sample Resilience on Key Levels Ethereum continues to demonstrate a solid recovery structure after recent support tests. The price behavior on higher timeframes suggests that buying pressure is gaining ground against supply.
🔍 Detailed Technical Analysis:
Daily Chart (1D):
$ETH is currently trading at $2,065.16. It is very positive to see how the price remains above the $2,026 zone, seeking to stabilize to attack the higher long-term resistances.
4H Timeframe:
In the short term, the asset is battling with the 200 EMA (light green line) located near $2,100. Overcoming this barrier is the necessary catalyst to seek the next technical target.
Indicators:
The RSI in 4H is at 61.27 points, reflecting a healthy bullish momentum with room for growth before reaching overbought levels.
🛡️ Projected Scenarios
The $2,100 zone acts as the immediate main resistance. A 4H candle close above this level would pave the way to $2,200. On the other hand, we have strong dynamic support in the $2,030 - $2,045 range backed by short-term EMAs.
Do you think $ETH will break $2,100 before the weekly close or continue consolidating in this range? 👇
#Write2Earn
#ETH
#Ethereum #TechnicalAnalysis #CryptoTrading