$ETH
Current price: about $2,510. ETH is consolidating after a strong recent rally, while the longer-term daily trend remains bullish.
🕯️ Recent daily candle chart
$2,550 ┤ │🟢│ $2,500 ┤ 🟢 🟥│🟢│ $2,450 ┤ 🟥 🟢 🟥│ │ $2,400 ┤ 🟥 │ │ │ $2,350 ┤ Sep 5 Sep 6 Sep 7 Sep 8 Sep 9
Recent daily data:
Sep 7: Open $2,514 → Close $2,493 🔴
Sep 8: Open $2,490 → Close $2,485 🔴
Sep 9: Open $2,485 → High ~$2,519 → currently ~$2,510 🟢
Short analysis
Trend: Bullish 📈, but momentum is cooling. ETH is holding above important moving averages, while the recent candles show consolidation.
Resistance: ~$2,520–$2,540
Support: ~$2,470–$2,440
A break above $2,540 would strengthen the bullish setup. A drop below $2,440 would make the short-term picture weaker. Reuters notes that the current consolidation resembles a bull flag, with a potential longer-term target near $3,050, but this is not guaranteed. #USStrikesTargetsNearHormuzAndJask
Current price: about $2,510. ETH is consolidating after a strong recent rally, while the longer-term daily trend remains bullish.
🕯️ Recent daily candle chart
$2,550 ┤ │🟢│ $2,500 ┤ 🟢 🟥│🟢│ $2,450 ┤ 🟥 🟢 🟥│ │ $2,400 ┤ 🟥 │ │ │ $2,350 ┤ Sep 5 Sep 6 Sep 7 Sep 8 Sep 9
Recent daily data:
Sep 7: Open $2,514 → Close $2,493 🔴
Sep 8: Open $2,490 → Close $2,485 🔴
Sep 9: Open $2,485 → High ~$2,519 → currently ~$2,510 🟢
Short analysis
Trend: Bullish 📈, but momentum is cooling. ETH is holding above important moving averages, while the recent candles show consolidation.
Resistance: ~$2,520–$2,540
Support: ~$2,470–$2,440
A break above $2,540 would strengthen the bullish setup. A drop below $2,440 would make the short-term picture weaker. Reuters notes that the current consolidation resembles a bull flag, with a potential longer-term target near $3,050, but this is not guaranteed. #USStrikesTargetsNearHormuzAndJask