Ethereum Analysis
2. 24-Hour Range:
Low: 3,337.92 USDT
High: 3,509.99 USDT
The price is currently below the 24-hour high, indicating a possible consolidation or resistance zone.
3. Moving Averages (MA):
MA(7): 3,373.31 USDT – The price is above the short-term average, which is bullish in the short term.
MA(25): 3,566.67 USDT – The price is slightly below the mid-term average, which could indicate resistance in this zone.
MA(99): 3,076.09 USDT – Long-term bullish signal, as the price is significantly above.
4. Volume:
24h Volume ETH: 347,490 ETH
24h Volume USDT: 1.19 billion USDT
The volume indicates high trading interest, which supports market movement.
5. MACD (Moving Average Convergence Divergence):
DIF: -59.69
MACD Line: -14.56
The histogram shows a possible trend reversal as the MACD line slowly rises towards the signal line.
6. Candlestick Analysis (1-Day Chart):
The last candles indicate an upward movement after the price has consolidated for a longer period.
The resistance zones are near 3,566 USDT, confirmed by MA(25).
Conclusion:
Price Movement:
The price shows short-term bullish signals and is attempting to break through the mid-term resistance at MA(25).
Correction Potential:
A pullback towards MA(7) at 3,373 USDT is possible before another upward attempt is made.
Resistance & Support:
Resistance: 3,566 USDT (MA(25)) and 3,509 USDT (current 24h high).
Support: 3,337 USDT (24h low) and 3,076 USDT (MA(99)).
Recommendation:
Traders:
Wait for a clear breakout above 3,566 USDT before opening new positions.
If the price retraces, buying positions at 3,373–3,337 USDT could be interesting.
Investors:
The long-term uptrend remains intact, especially if the price stays above MA(99). Pullbacks could be used as entry points.
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