1️⃣ Trend and general context
• ETH is trading after a sharp decline from its local high of ~4,000+.
• The price rebounded from a quite strong support zone around ~2,750–2,800.
• Current price: ~USD 3,034 → the market is testing the first local resistance.
Short-term trend: down, but a rebound and the first signs of reversal are visible.
Long-term trend: still upwards (HL/HH on large intervals).
⸻
2️⃣ Key Levels (from your chart)
🟩 Resistances
• USD 3,475 – key resistance + SMA (blue)
👉 if ETH breaks this level and closes 1D above → strong bullish signal.
• USD 4,061 – major resistance from previous highs.
🟥 Support
• USD 2,757 – the nearest strong support after breaking the trendline.
• USD 2,126 – very key macro support (bottom of consolidation).
⸻
3️⃣ Medium SMA
From your chart:
• Red SMA #1 – price is just above it → first positive signal.
• Blue SMA #5 – Acts as resistance and is currently being tested from below.
• Green SMA #2 – higher, acts as resistance at ~USD 3.475.
➡ The price must return above the blue and green SMA to confirm the return of the upward trend.
⸻
4️⃣ MACD
• The MACD at the bottom of the chart begins to curl upwards.
• The histogram decreases towards zero → the downward momentum weakens.
• Bullish cross is still missing, but it's getting closer.
Conclusion: Early signal of trend reversal, but not confirmed.
⸻
5️⃣ RSI
• RSI is in the zone around 40 → quite low, but not extremely.
• Slight divergence: the price made a lower low, the RSI made a higher one.
👉 This is a bullish signal, but only in combination with a resistance breakout.
⸻
6️⃣ Price Action
You can see:
• A long rising candle after a bounce from below.
• We are approaching the first important resistance at ~3.100–3.150.
To confirm continuation, you need:
✔ Closing of the 1D candle above ~3.150–3.200.
⸻
🎯 What might happen next?
Bull scenario (more likely if BTC also increases)
1. Breakout 3,150–3,200 → retest → move to:
• USD 3,475 (major resistance + SMA)
• then 3,800+
2. MACD makes a bullish cross → momentum is growing.
Probability: ~60%, but confirmation only after the breakout.
⸻
The Bears Scenario
1. Rejection from SMA (blue) and return below 3,000
2. Down to 2,750-2,800 again
3. If this breaks → move towards $2.126
Probability: ~40% at this point.
• ETH is trading after a sharp decline from its local high of ~4,000+.
• The price rebounded from a quite strong support zone around ~2,750–2,800.
• Current price: ~USD 3,034 → the market is testing the first local resistance.
Short-term trend: down, but a rebound and the first signs of reversal are visible.
Long-term trend: still upwards (HL/HH on large intervals).
⸻
2️⃣ Key Levels (from your chart)
🟩 Resistances
• USD 3,475 – key resistance + SMA (blue)
👉 if ETH breaks this level and closes 1D above → strong bullish signal.
• USD 4,061 – major resistance from previous highs.
🟥 Support
• USD 2,757 – the nearest strong support after breaking the trendline.
• USD 2,126 – very key macro support (bottom of consolidation).
⸻
3️⃣ Medium SMA
From your chart:
• Red SMA #1 – price is just above it → first positive signal.
• Blue SMA #5 – Acts as resistance and is currently being tested from below.
• Green SMA #2 – higher, acts as resistance at ~USD 3.475.
➡ The price must return above the blue and green SMA to confirm the return of the upward trend.
⸻
4️⃣ MACD
• The MACD at the bottom of the chart begins to curl upwards.
• The histogram decreases towards zero → the downward momentum weakens.
• Bullish cross is still missing, but it's getting closer.
Conclusion: Early signal of trend reversal, but not confirmed.
⸻
5️⃣ RSI
• RSI is in the zone around 40 → quite low, but not extremely.
• Slight divergence: the price made a lower low, the RSI made a higher one.
👉 This is a bullish signal, but only in combination with a resistance breakout.
⸻
6️⃣ Price Action
You can see:
• A long rising candle after a bounce from below.
• We are approaching the first important resistance at ~3.100–3.150.
To confirm continuation, you need:
✔ Closing of the 1D candle above ~3.150–3.200.
⸻
🎯 What might happen next?
Bull scenario (more likely if BTC also increases)
1. Breakout 3,150–3,200 → retest → move to:
• USD 3,475 (major resistance + SMA)
• then 3,800+
2. MACD makes a bullish cross → momentum is growing.
Probability: ~60%, but confirmation only after the breakout.
⸻
The Bears Scenario
1. Rejection from SMA (blue) and return below 3,000
2. Down to 2,750-2,800 again
3. If this breaks → move towards $2.126
Probability: ~40% at this point.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.