ETHUSDT — Technical Analysis (12H)
$ETH #TrendTradingStrategy #Ethereum 🔍 Overview: Ethereum (~3,008.77) is experiencing a relief bounce but continues to face major resistances.
1. Trend: The price has managed to recover the EMA(7) (~2,979.10), but it is still trading below the EMA(25) (~3,021.45) and the EMA(99) (~3,100.66). This is a correction within a larger downward trend.
2. Resistance: The EMA(25) at $3,021.45 and the psychological level of $3,000 are the immediate resistances to overcome.
3. Support: The EMA(7) at $2,979.10 is the first support. The recent low at $2,784.15 is the key support.
4. MACD: The red histogram is shortening, indicating a decrease in bearish momentum in the short term and validating the current bounce.
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✅ Conclusion:
$ETH is in a technical bounce. It is likely to encounter strong selling pressure in the $3,020 area (EMA 25). If it fails to surpass this level, the downward trend could resume.
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#Crypto #AnalisisTecnico #Ethereum