Ethereum (ETH) Technical Analysis Snapshot

Price Trend: Ethereum shows a bullish trend with higher highs and higher lows.

Key Levels: Support at $3,000, $2,800, and $2,500. Resistance at $4,000, $4,500, and $5,000.

Moving Averages: Bullish momentum indicated by the 50-day moving average crossing above the 200-day moving average.

RSI: Currently around 60, indicating bullish momentum without being overbought.

Volume: Increasing volume during rallies suggests strong buying pressure.

Chart Patterns: Watch for ascending triangles or bull flags indicating potential breakout points.

Fibonacci Levels: Look for support/resistance near 38.2%, 50%, and 61.8% retracement levels.

Market Sentiment: Consider news and events alongside technical analysis.

Risk Management: Set stop-loss orders to manage risk.

Continuous Monitoring: Regularly monitor price action for adjustments in strategy.

Combine technical and fundamental analysis for informed decisions. #Crypto #Ethereum #TechnicalAnalysis 📈