🔥 Ethereum Price Update ($ETH ) on the 1-Hour Timeframe 🔥
Ethereum's price, $ETH , is witnessing a positive bullish movement, breaking above short-term resistance levels and holding steady above the moving averages.
📊 Technical chart reading:
• Current price: 2,735.35 USDT
• Next resistance: 2,748.00 USDT (breaking it opens the way to target 2,780 - 2,800 USDT)
• Current support (MA 7): 2,721.38 USDT
• Major support (MA 25): 2,703.53 USDT
💡 Technical outlook:
The moving averages (MA7, MA25, MA99) are crossing in a bullish, upward manner, supporting the continuation of buying momentum as long as the price remains stable above the 2,700 USDT level.
⚠️ Warning: Trading involves risks—always be strict with capital management.
Ethereum's price, $ETH , is witnessing a positive bullish movement, breaking above short-term resistance levels and holding steady above the moving averages.
📊 Technical chart reading:
• Current price: 2,735.35 USDT
• Next resistance: 2,748.00 USDT (breaking it opens the way to target 2,780 - 2,800 USDT)
• Current support (MA 7): 2,721.38 USDT
• Major support (MA 25): 2,703.53 USDT
💡 Technical outlook:
The moving averages (MA7, MA25, MA99) are crossing in a bullish, upward manner, supporting the continuation of buying momentum as long as the price remains stable above the 2,700 USDT level.
⚠️ Warning: Trading involves risks—always be strict with capital management.
