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· Key levels:
· Resistance: ~$3,903 (24h High). Breaking through this level is the first signal of growth.
· Support: ~$3,706 (24h Low). A breakdown and consolidation below is a warning sign.
📈 Technical analysis (indicators):
1. RSI (9, 12, 24): Values around 42-45. This is a neutral zone, NOT oversold. The indicator does not show strong bullish momentum, but bearish pressure has weakened. For confident growth, RSI above 50 would be preferable.
2. MACD (12,26,9):
· MACD: -18.92
· Signal (DEA): -101.32
· Histogram: Negative (DIFF - DEA), but the main point is that the MACD and Signal lines are well below zero. This indicates a persistent bearish trend. A reversal would require a bullish crossover (when MACD crosses above Signal) and moves into positive territory.
3. Volumes: 24-hour volume ($9.89B) is below the moving averages MA5 and MA10. This suggests a lack of buyer interest at current levels. A true rebound would need a volume spike.
🔮 Possible scenario and forecast:
· Short-term (1-3 days): High probability of consolidation in the $3,700 - $3,900 range. The price is searching for direction.
· What is needed for a #Rebound?
· Trigger: Clear breakout and consolidation above resistance at $3,900 - $3,920.
· Confirmation: Increase in volume on the breakout and MACD indicator turning toward zero.
· Target: If breakout occurs, the nearest target is the $4,000 (psychological level).
· Risks: If the price fails to hold support at $3,700, we could see a test of lower levels, possibly down to $3,500 - $3,600.
💎 Conclusion:
It’s too early to talk about a strong rebound. The market remains indecisive. The key zone to watch is $3,900. Until ETH breaks through this level with volume, it’s premature to call a bullish trend. Stay alert and manage your risks!
This post is not financial advice. Conduct your own research (DYOR) and trade responsibly.