$ETH
Ethereum is launching strongly and achieving one goal after another 💥💥
✅ Quick Technical Overview:
Current Price: $2714.05
Daily Increase: +4.45%
Moving Averages:
Price is above Moving Averages MA(7), MA(25), MA(99) → Positive Signal.
RSI (Relative Strength Index): 75.08 → In overbought territory.
Recent Candles: Strongly bullish with clear buying momentum.
MACD: The trend is clearly upward with divergence between the lines.
🔍 Technical Interpretation:
The price broke an important resistance level at $2574 and has now turned into support.
RSI is very high, which may indicate a potential correction or slowdown in the rise.
The overall trend on the daily frame appears to be bullish, but in the short term, we may see some volatility or profit-taking.
📈 Near-Term Expectation:
Next upward target: $2780 - $2850
Strong support: $2570 then $2485 (MA25)
If momentum continues: Levels of $2900 can be seen within days, provided $2570 is not broken.
📌 Is it the right time to buy?
If you are in the trade: Continue with raising the stop loss below $2570
If you haven't entered yet:
Wait for a slight correction to $2600~2650 to enter at a better point.
Or wait for confirmation of breaking $2750 with a strong candle on the daily to enter with momentum.