⭐️ #ETHUSDT ANALYSIS ⭐️
📈 1-Day Chart:
⬆️ ETH is currently trading around $2,542, slightly above the SMA 50, showing signs of recovery after recent declines. The RSI is at 49.14, indicating neutral momentum, while the MACD is slightly negative with the histogram decreasing, suggesting bearish momentum is fading but not fully reversed. ❌ Resistance is near $2,700, while support lies around $2,400. A breakout above $2,700 could lead to a bullish continuation, while a rejection could see ETH retesting the $2,400 support.
📊 4-Hour Chart:
🛈 ETH is attempting to regain strength after falling below the SMA 50 and SMA 200. The RSI is at 43.47, suggesting that bearish momentum may be weakening. The MACD remains negative, but the histogram is close to turning positive, indicating potential consolidation or a recovery attempt. Resistance is seen at $2,600, and support at $2,500. If buying pressure increases, ETH could retest $2,600, but a failure could bring it back to $2,450 support.
📏 1-Hour Chart:
ETH has recovered from recent lows and is now trading near $2,540. The RSI is at 56.53, indicating slightly bullish sentiment. The MACD shows signs of a bullish crossover, with the histogram turning positive, suggesting short-term bullish momentum. Immediate resistance is around $2,565, and support lies at $2,500. If ETH breaks above resistance, it could push towards $2,600. However, failure to hold above $2,500 could lead to renewed selling pressure.
⏳ 15-Minute Chart:
ETH is consolidating between $2,520 and $2,560 🔥. The RSI is at 62.86, reflecting bullish momentum in the short term. The MACD is positive, but the histogram shows momentum slowing down, indicating potential consolidation. Immediate resistance is at $2,560, and support is around $2,520. A breakout above resistance could see ETH quickly move to $2,580, while a breakdown below support could lead to a retest of $2,500.
🛠️ Global Perspective:
Short Term (⏳): ETH is consolidating, with a bullish bias, near key resistance, and could either break out or retest support in the short term.
Mid-Term (📊): The 4-hour chart shows potential for a recovery, but the current resistance at $2,600 needs to be broken for further upside.
Long Term (📈): On the daily chart, ETH needs to clear $2,700 to fully resume its uptrend, while a failure to do so might result in further consolidation around $2,400-$2,500.
⬆️ Stay tuned for more updates and analysis!
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⚠️ This content is just an opinion and not a recommendation. We are not responsible for any financial losses.
