Ethereum (ETH) - 1 Day Technical Analysis

Price: ~$3,125
Market Cap: $375B+
24h Range: $3,040 – $3,180
Volume (24h): +6% increase

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Technical Overview:

1. Trend:

Still maintaining a bullish bias above $3,000.

Forming higher highs and higher lows, indicating strength.

2. Moving Averages:

50 EMA: Just below price – acting as short-term support around $3,000

200 EMA: Positioned near $2,850 – solid long-term support

3. RSI (Relative Strength Index):

Current RSI: 63 – in the bullish zone, approaching overbought but still stable.

4. MACD:

MACD line is above the signal line – a bullish crossover is active.

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Key Support & Resistance Levels:

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Potential Trade Signals:

Long Signal: Break above $3,180 could lead to a move toward $3,250 – $3,300.

Short Signal: Drop below $3,000 could trigger a correction down to $2,850.