1. Technical Indicators:

• MACD: The indicator has crossed the signal line, confirming an upward trend. This indicates a potential continuation of growth as long as there is buying demand  .

• RSI (Relative Strength Index): Stands at around 65, which indicates that ETH is in the overbought zone but has not yet reached a critical level. This means that further growth is possible .

2. Graphic Patterns:

• Exit from the descending channel: ETH recently broke out of the boundaries of the downward trend, which is a positive signal for continued growth .

3. Derivatives Data:

• The volume of open interest and liquidation of short positions is increasing, which strengthens the bullish sentiment and may push the price even higher

4. Support and Resistance Levels:

• The resistance level is located around $3,400 and above, while the nearest support levels are around $2,750 .

These indicators signal that ETH is in a favorable position for potential growth, but traders should monitor further price movements and key indicators to confirm the trend.$ETH