$ETH is still showing strong bullish momentum on the daily chart, but the current price is getting stretched after the recent move higher.
ETH is trading around $2,652 and recently pushed toward $2,666. The price is above the Bollinger midline at $2,483 and has broken above the upper Bollinger Band around $2,609, showing strong buying pressure.
However, MACD is starting to cool off, with DIF below DEA and the histogram turning negative. So I’d avoid chasing the move here and instead watch for a pullback toward the $2,600–$2,620 area.
If ETH holds that zone and buyers step back in, the next levels I’m watching are → $2,670 → $2,700 → $2,800 → $3,000.
The bigger picture remains bullish, but $2,666 is the immediate resistance to watch. A clean break and hold above it could open the door for another leg higher. 🚀
ETH is trading around $2,652 and recently pushed toward $2,666. The price is above the Bollinger midline at $2,483 and has broken above the upper Bollinger Band around $2,609, showing strong buying pressure.
However, MACD is starting to cool off, with DIF below DEA and the histogram turning negative. So I’d avoid chasing the move here and instead watch for a pullback toward the $2,600–$2,620 area.
If ETH holds that zone and buyers step back in, the next levels I’m watching are → $2,670 → $2,700 → $2,800 → $3,000.
The bigger picture remains bullish, but $2,666 is the immediate resistance to watch. A clean break and hold above it could open the door for another leg higher. 🚀
