$ETH
🟣Here is a brief technical analysis of the ETH/USDT pair based on the weekly chart:
🔴Overall trend: The price is currently at 2,580.10 USDT and is in a recovering uptrend after bouncing from the low of 1,505.68 USDT and moving above the EMA(7) and EMA(25).
🟤Current support: The EMA(7), at 2,536.04 USDT, is acting as an immediate first support zone.
🟡Next resistance: The price is trading near the EMA(99) at 2,561.10 USDT, with the next weekly resistance near 2,982 USDT.
⚪Outlook: A weekly close above 2,560 USDT supports continued upward movement toward 2,982 USDT, while a break below 2,536 USDT could push the price down toward 2,310 USDT.#StrategyMarketCapSurpassesRumble
🟣Here is a brief technical analysis of the ETH/USDT pair based on the weekly chart:
🔴Overall trend: The price is currently at 2,580.10 USDT and is in a recovering uptrend after bouncing from the low of 1,505.68 USDT and moving above the EMA(7) and EMA(25).
🟤Current support: The EMA(7), at 2,536.04 USDT, is acting as an immediate first support zone.
🟡Next resistance: The price is trading near the EMA(99) at 2,561.10 USDT, with the next weekly resistance near 2,982 USDT.
⚪Outlook: A weekly close above 2,560 USDT supports continued upward movement toward 2,982 USDT, while a break below 2,536 USDT could push the price down toward 2,310 USDT.#StrategyMarketCapSurpassesRumble