$ETH $ETH The $ETH /USDT chart is currently displaying a bullish trend with strong upward momentum. The price has broken above key resistance levels and is now consolidating near the $2,691 level.

Key Levels

Support: $2,650, $2,614

Resistance: $2,722, $2,739

Analysis

Bullish Signal: The recent breakout above the $2,650 level confirms a bullish trend. The price is currently consolidating above this level, indicating potential for further upside movement.

Momentum Indicators: The RSI (Relative Strength Index) is above the 50 level, suggesting bullish momentum. The MACD (Moving Average Convergence Divergence) is also showing a bullish crossover, further supporting the bullish outlook.

Volume: Increased trading volume during the recent price surge indicates strong buying interest.

Entry Signal

A potential entry signal could be a retest of the $2,650 level. If the price holds above this level, a bullish entry can be considered with a stop-loss below the recent swing low.

Potential Targets

Short-term: $2,722, $2,739

Long-term: $2,800, $2,850 #BinanceBlockchainWeek #USJobOpeningsDip #USADPSurges #BTCBreak71K #Write2Earn!