📈LONG: $ETH (1M)
Current Price $3708.80
Market Cap $434.75B
Change 1h +0.82% | 24h +0.75%
Monthly Indicators:
• RSI: 52 - Neutral 🟠
• MACD: 0.94 - Bullish 🟢
• EMA: 3603 - Trading Above 🟢
Analysis:
Ethereum is showcasing a bullish momentum, forming a solid upward channel. The green candles suggest strong buying pressure, pushing the market above support levels around $3,342.24. The market sentiment is aligned with broader crypto trends, taking cues from Bitcoin's movements.
Price Targets:
Expect resistance at $5,327.32, a crucial level. If bullish momentum continues, Ethereum may target reaching $7,325.92. Keep an eye on the support at $3,333.00 as a potential reversal zone. This setup indicates significant potential for upward movement in the medium term.