đLONG: ETH (1D)
Analysis:
ETH is below its 200-day moving average, indicating a downtrend. The price hit an oversold condition at $2,400 with RSI below 30, implying a potential rebound. The high volume suggests sellers are leaving. MACD signals are bullish, hinting at possible resistance around $2,850.
Price Targets:
If bullish momentum sustains, ETH might test resistance at $2,850. Should this level break, the next target could be around $3,200. In case of a downtrend continuation, look for support at $2,400 and potentially $2,100.
