ETH/USD Today Update Daily Time Frame
Price: ~$2,733–$2,755.
Daily structure: still constructive/bullish overall. Price is above the 50-day (~$2,672) and 200-day (~$2,544) averages.
Immediate resistance: $2,750–$2,800. A daily close above ~$2,800 would be important confirmation of continuation.
Key support: $2,670–$2,700. Losing this zone on a daily closing basis would weaken the structure.
Momentum: RSI is around 52 on Investing.com, while MACD remains positive—so momentum isn't overbought, but the latest candles show some short-term selling pressure.
How I'd read the daily candle: don't focus only on the intraday wick. The important signal is where today's daily candle closes. A strong close above $2,750–$2,800 is different from a rejection wick followed by a close back below $2,700.#Ethereum #ETH🔥🔥🔥🔥🔥🔥 #Binance #BullishMomentum
Price: ~$2,733–$2,755.
Daily structure: still constructive/bullish overall. Price is above the 50-day (~$2,672) and 200-day (~$2,544) averages.
Immediate resistance: $2,750–$2,800. A daily close above ~$2,800 would be important confirmation of continuation.
Key support: $2,670–$2,700. Losing this zone on a daily closing basis would weaken the structure.
Momentum: RSI is around 52 on Investing.com, while MACD remains positive—so momentum isn't overbought, but the latest candles show some short-term selling pressure.
How I'd read the daily candle: don't focus only on the intraday wick. The important signal is where today's daily candle closes. A strong close above $2,750–$2,800 is different from a rejection wick followed by a close back below $2,700.#Ethereum #ETH🔥🔥🔥🔥🔥🔥 #Binance #BullishMomentum
