🔍 Ethereum ($ETH ) Market & Technical Analysis Update 🔍

📊 Current Price: $2,642.99 (+1.43%) 📈 24h High: $2,651.66 | 24h Low: $2,575.40 💰 Volume (24h): 251,144 ETH / $658.51M USDT

Ethereum has shown strong performance in the short term:

+2.14% today

+12.13% in the last 7 days

+12.45% over the past 30 days

However, the larger timeframes tell a more cautious story:

-24.55% over the last 90 days

-15.82% in the past 6 months

🔮 Technical Outlook:

Key indicators are signaling a mixed trend:

Moving Averages & EMA indicate near-term upward momentum.

Bollinger Bands show the price is nearing the upper range, hinting at possible volatility.

MACD and RSI suggest further strength, but overbought conditions may be near.

KDJ and SAR indicate short-term caution for traders looking to enter.

📉 Depth & Order Book:

Strong buying support seen at current levels, with 86.80% bids dominating the market.

Closely monitor the $2,575.40 support level and the resistance around $2,651.66 for short-term action.

📅 Strategy: Traders should watch for potential corrections as Ethereum approaches key resistance levels, while long-term investors might find this price range an opportunity to accumulate based on the yearly +68.42% gain.

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