Detailed analysis $ETH
Asset: Ethereum (#ETH )
Timeframe: 3 days (3D)
General overview đ
In this chart, Ethereum is showing an interesting movement, with many key support and resistance levels. Let's look at the main points.
Support and resistance levels
đ ïžCurrent price: $3739.76
Main levels of support:
$2879.13: This level represents an important support that supports the bullish trend.
đ$2369.11: A lower support level that has been tested several times in the past and is showing significant strength.
đ§Main resistance levels:
$4097.60: The nearest resistance level. A breakout of this level could pave the way for further growth.
đïžMoving averages
đMA (25): $3321.74 - This MA level acts as dynamic support.
MA (99): $2451.22 - Longer-term support, which also confirms the strength of the current bullish trend.
SAR (Parabolic Stop and Reverse) indicator
đCurrent SAR level: $2879.13 - SAR signals a bullish trend as it is below the current price. This confirms the potential for further growth.
đTrend analysis and perspective
đEthereum is showing steady growth with strong support and resistance levels. The current price is between two important resistance and support levels, indicating possible consolidation before the next move.
Bullish scenario: If the price breaks the $4097.60 level, it could lead to a significant rise, possibly to new highs.
đBearish scenario: If the price falls below the support level at $2879.13, it could signal a further decline towards the $2369.11 level.
đConclusion
đŻEthereum continues to show a strong upward trend. Investors and traders should closely monitor key support and resistance levels to determine possible entry and exit points. Current indicators indicate potential for further growth, but it is important to remain alert to any changes in the market.
