➤ First: The importance of Ethereum and its project
➜ The largest smart contracts network in the crypto market
➜ The foundation for most DeFi projects
➜ Most NFTs are on it
➜ Thousands of decentralized applications (DApps) are running on it
➜ After the shift to Proof of Stake, it became:
↳ Less energy consumption
↳ Faster in development
↳ It has a fee-burning system that reduces supply
➜ The important equation:
Increased demand ⬅️ + Reduced supply ⬅️ = Potential upward pressure on the price
📊 Second: Current technical analysis
➜ Current price: around 2060$
➜ Strong bottom at: 1800$
➜ Daily increase of more than 11%
➜ Clear positive momentum on MACD
➜ Breaking consecutive resistances with strong momentum
↳ This indicates strong liquidity entry and the likelihood of a short-term upward trend.
🎯 Third: The most important levels
🔴 Resistance:
➜ 2085 – 2100$
↳ Breaking it steadily ⬆️
➜ 2150$
➜ 2220$
🟢 Support:
➜ 2035$
➜ 1970$
➜ 1900$ (very strong central support)
📈 Fourth: Entry and exit plan
➜ Preferred entry:
↳ Re-testing 2020 – 2035$
➜ Targets:
🎯 2100$
🎯 2150$
🎯 2220$
➜ Stop loss:
❌ Below 1970$
⚠️ Risk management
➜ The movement was very fast
➜ A natural correction might occur
➜ Avoid late entry with high leverage
➜ Adhering to the stop is more important than any gain
💬 Summary
➜ The current trend is upward
➜ Breaking 2100$ steadily = the beginning of a potential new wave
➜ Proper capital management = the secret to sustainability in the market
