ETH Market Analysis 🚩

Yesterday, ETH (Ethereum) rose from a low of 3100 to a high of 3500 on the daily chart, ultimately closing near 3470. Support is firmly established at the MA60 moving average, which is an ideal buying point. On the upside, there is pressure from the MA30 moving average, while the MACD indicates that bearish momentum has increased.

In the four-hour chart, the MA14 moving average provides short-term support; if it breaks, it may test the MA7 moving average. Meanwhile, the MA200 moving average creates resistance above, but the MACD bullish momentum is rising and has formed a golden cross pattern, suggesting upward potential.