#ETH VIP Analysis โ 7 Sep 2026
๐ธ Price: $2,487.96 โ daily EMA20, EMA50 and EMA200 all above, bullish stacked structure
๐ธ RSI (14): 63.1 โ bullish zone, still room for upside
๐ธ MACD: Histogram -13.32 โ momentum is slightly decelerating in the short term
Key levels:
๐ Resistance: $2,550 โ this level has rejected price 3 times; upon breaking, the next target is $2,920 (0.5 Fib)
๐ Support: $2,438 โ 0.618 Fib retracement; if a breakdown happens below this level, a pullback to $2,200โ$2,000 is possible
Bias: In mid-August, ETH broke its year-long descending trendline (31%+ weekly candle). The first higher-high is the cycleโs. As long as $2,438 holds, the September outlook stays bullish. The repeated rejection at $2,550 signals consolidation before a breakoutโexpect a bit of chop before it breaks.
โ ๏ธ A 10x leveraged whale long position is also active ($102M, liquidation $2,241) โ volatility may increase near this level.
โ ๏ธ This is only technical analysis, not financial advice. DYOR.
#Ethereum #ETH #CryptoAnalysis #BinanceSquare
๐ธ Price: $2,487.96 โ daily EMA20, EMA50 and EMA200 all above, bullish stacked structure
๐ธ RSI (14): 63.1 โ bullish zone, still room for upside
๐ธ MACD: Histogram -13.32 โ momentum is slightly decelerating in the short term
Key levels:
๐ Resistance: $2,550 โ this level has rejected price 3 times; upon breaking, the next target is $2,920 (0.5 Fib)
๐ Support: $2,438 โ 0.618 Fib retracement; if a breakdown happens below this level, a pullback to $2,200โ$2,000 is possible
Bias: In mid-August, ETH broke its year-long descending trendline (31%+ weekly candle). The first higher-high is the cycleโs. As long as $2,438 holds, the September outlook stays bullish. The repeated rejection at $2,550 signals consolidation before a breakoutโexpect a bit of chop before it breaks.
โ ๏ธ A 10x leveraged whale long position is also active ($102M, liquidation $2,241) โ volatility may increase near this level.
โ ๏ธ This is only technical analysis, not financial advice. DYOR.
#Ethereum #ETH #CryptoAnalysis #BinanceSquare