$ETH
Current range: ETH hovers around $2650 - $2700, testing its recent local highs after bouncing from the support area of $2490 - $2500.
After bouncing off the $2,490 level, ETH regained key moving averages and is now consolidating within a bullish structure.
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📈 2. Key patterns and indicator insights
On the 30-minute chart, we see a classic breakout above the $2,528 - $2,535 level, confirmed by strong bullish candles - indicating that the bulls are ready for the next phase.
The bullish flag/pennant on the four-hour time frame, along with the MACD and Relative Strength Index stabilizing around neutrality, suggests consolidation before a breakout.
The hidden bullish divergence between price and the Relative Strength Index near the bottom at $2400 indicates preparation for a rise towards $2700 - $2800.
ETH price stabilizes above the key moving averages (20/50/100/200 period) - which is a strong bullish background across multiple time frames.
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💡 3. Scenarios and targets
Expectation-moving scenario
🔼 Clear bullish breakout closing above the $2700 - $2713 level with trading volume pushing the price to $2800 - $2850, then **$3000 and above**
↔️ Price consolidation: staying between $2600 and $2700, and breaking the range before setting up for a breakout
⚠️ Bearish pullback at a lower level
