Price Overview

Current Price: $2,617.84 (+6.91%)

24h High: $2,642.88

24h Low: $2,440.00

Ethereum is showing bullish momentum, bouncing off the $2,440 support. The current price suggests strong buying interest, but the $2,642 level is acting as resistance, potentially triggering some profit-taking.

Support and Resistance Levels

Immediate Support: $2,487.66 (SAR value)

Key Resistance: $2,642.88

A close above $2,642 could push ETH toward $2,700 or higher. However, if the price falls below $2,487, a deeper correction towards $2,440 may follow.

Indicators and Signals

SAR (0.02, 0.2): 2,487.66

The SAR indicates the trend remains positive, but a reversal may occur if ETH breaks below 2,487.

Volatility:

High: +8.95%, signaling strong buying pressure

Low: -7.28%, suggesting the potential for a pullback after the rally.

Short-Term Trend Outlook

The 15-minute, 1-hour, and 4-hour charts show continued bullish momentum. However, some consolidation or a brief correction could occur as ETH approaches the resistance at 2,642.

Conclusion

If ETH can break above 2,642, the next target lies around 2,700 to 2,750. A drop below 2,487, however, could bring the price back toward 2,440.

Strategy:

Bullish traders might consider adding positions above 2,642.More cautious traders can wait for a pullback near 2,487 for better entry points.Manage your risk carefully, as volatility remains elevated.

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