๐ฅ Daily Hot Analysis for ETH/USDT โ Has the bullish reversal begun? ๐ฅ
๐ Current price: 2,573.72 USD
โฐ Time Frame: Daily
๐ Increase over 24 hours: +0.57%
๐ Previous decline: from 3436 to 1384 USD
๐ Daily Technical Analysis:
๐น Overall trend:
After a strong drop from the historical peak, the price formed a bottom at 1384$ and began to gradually bounce back towards levels of 2500+, and it is now trying to hold above the moving averages.
๐น Moving Averages:
MA(25) = 2475 โ It has been broken upwards
MA(99) = 2221 โ The price is above it: Positive signal
MA(7) = 2552 The price is just above it: Strong dynamic support.
๐น MACD:
Positive bullish crossover โ Clear buying momentum, but needs confirmation by breaking 2635.
๐น RSI:
Near 60โ65, which means there is buying momentum without saturation yet, an excellent opportunity for the start of a new wave.
๐ง Important areas:
๐ Strong daily support:
2184 USD
1732 USD
๐ Strong daily resistance:
2635 USD โ Breaking it opens the door for 3000+
3087 USD โ Mid-term target
๐ Is this the beginning of a new rally? Or a bullish trap?
๐ธ Do you expect a breakout above resistance and a return to 3000?
๐ธ Or do you think it's a temporary correction and a selling opportunity from the next peak?
๐ Share your opinion in the comments and support the post!
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