$ETH
📉 Market Overview
Ethereum is showing a healthy pullback after a recent strong bullish breakout that drove the price to $3,346 (local maximum). The current price of $3,243 indicates that the asset is in a profit-taking phase (Pullback). The main question is whether ETH will find support in the current zone, which was previously resistance, to resume the upward trend.
• Overall trend: Bullish, short-term correction phase (Pullback).
=======
📊 Technical indicators
Table based on the price of $3,243.
● RSI (14) 58.0 🟢
● MACD (12, 26) 10.50 🟢
● EMA (20) 3,190 🟢
● SMA (50) 3,120 🟢
● Stochastic 65.0 ⚪
● Momentum +85.0 🟢
(🟢 — Buy/Growth, 🔴 — Sell/Decline, ⚪ — Neutral)
========
🔍 Detailed analysis
1. Moving averages (MA)
Despite the pullback, the overall picture remains strongly bullish. The price confidently holds above the 20-day EMA ($3,190), which is critical dynamic support. The 50-day SMA ($3,120) is also looking upward. The current pullback perfectly fits the pattern: 'Breakout of resistance, then testing it as new support.'
◇◇◇
2. Oscillators
• RSI (58.0): Cooling off from the bullish zone, which is a healthy sign. Moving away from overbought creates 'space' for a new upward impulse.
• MACD (+10.50): Continues to stay in the positive zone, confirming that bullish momentum is maintained despite the price pullback.
◇◇◇
3. Support and resistance levels
The current level of $3,243 is in the zone where buyers need to demonstrate strength.
● Resistance zones:
• $3,300: The nearest psychological and technical milestone.
• $3,346: Local maximum of the week. A breakout here will return the trend.
• $3,450: The next expansion target.
◇
● Support zones:
• $3,200: Psychological barrier and key support.
• $3,190 (EMA 20): Critical dynamic support. Losing this level will call into question the recent bullish breakout.
• $3,120 (SMA 50): Deep retracement zone.
========
💡 Movement scenarios
● Bullish scenario (Holding support):
The most likely scenario. If ETH finds strong support in the $3,190 – $3,220 zone and bounces back, it will resume movement towards $3,300 with the goal of breaking the local maximum.
◇◇◇
● Bearish scenario (Continuation of correction):
If the price breaks and consolidates below $3,190, the correction may deepen to $3,120 (50 SMA). This would indicate a temporary loss of bullish control.
