📈LONG: $ETH by CoreCrypto1 (1D)

#ETHUSDT | #ETH | #Ethereum

Current Price $2439.89

Market Cap $293.48B

Change 1h -0.31% | 24h -1.64%

Daily Indicators:

‱ RSI: 36 - Neutral 🟠

‱ MACD: -96 - Bearish 🔮

‱ EMA: 2669 - Below 🔮

Analysis:

ETH is currently trading at $2,400 and has formed a symmetrical channel. It's approaching the lower trendline, suggesting a potential bounce. Strong support can be observed in the $2,100-$2,300 range (Green Box), providing a cushion against further dips.

Price Targets:

If ETH rebounds from support, the first target is the upper trendline near $3,200. Breaking this could propel it to $4,000. Conversely, falling below $2,100 might trigger further declines, possibly down to $1,900.