📉 Market overview (Live)
• Current price: $3,310 – $3,325.
The situation is drastically different from a "sideways" trend. We are observing a bullish breakout. Ethereum has not only held $3,000, but has also surpassed significant resistance and established itself above $3,300. This changes the technical picture to strictly positive. The asset is currently in a phase of local correction/consolidation after the morning impulse to $3,346.
• Overall trend (Intraday): Bullish, with high volatility.
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📊 Technical indicators
Data based on the price of $3,315, which changed to 3,318+ while writing.
● RSI (14) 62.4 🟢
● MACD (12, 26) 18.50 🟢
● EMA (20) $3,180 🟢
● SMA (50) $3,090 🟢
● Stochastic 78.2 ⚪
● Momentum +125.4 🟢
(🟢 — Buy/Growth, 🔴 — Sell, ⚪ — Neutral)
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🔍 Detailed analysis
1. Moving Averages (MA)
The price has surged above key averages. The gap between the current price ($3,315) and the 20-day EMA ($3,180) confirms the strength of the momentum. All major moving averages are now pointing upwards and serve as support levels in case of a deep correction. Bulls have full control of the situation.
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2. Relative Strength Index (RSI)
The value 62.4 is in the "bullish" zone but has not yet reached critical overbought (70+). This is a great signal: the price has room to move up to refresh local maxima before serious cooling is needed.
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3. Support and resistance levels
The level $3,300 has become the new pivot point for the price.
● Resistance zones:
• $3,350: Local maximum of this morning. Breaking through this zone will open the way higher.
• $3,420: Next target (Fibonacci extension level).
• $3,500: Psychological barrier.
● Support zones:
• $3,300: Current mirror support. It's important for the bulls to hold this level.
• $3,250: Intermediate zone of interest.
• $3,180: Strong dynamic support (EMA 20).
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💡 Movement scenarios
Bullish scenario (Consolidation):
If the price holds above $3,300 in the coming hours and "cools down" the indicators, a new leap to $3,400 is likely. The current structure resembles a "bull flag."
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Correction scenario:
Losing the level $3,280 may trigger profit-taking by short-term traders, leading to a retest of the breakout zone around $3,200.
