🟢 Ethereum (ETH) Technical Analysis

Ethereum is currently trading at 2,954 USD. In the current outlook, the 2,945 zone stands out as a key support region.

🔹 Possible scenarios:

✅ If it reacts from the 2,945 level
– Initially, the 2,986 USD levels will be targeted.
– If this zone is also surpassed, an upward move towards 3,103 USD may be expected.

❌ If the 2,945 level is lost
– The first support will be at 2,914 USD.
– If this area also fails to hold, a retracement towards 2,841 USD could be seen.

📊 RSI (14) analysis:
Currently at 51.6, indicating a neutral zone. This shows that Ethereum is neither in the overbought nor oversold territory, suggesting a decision phase.

🟠 Other indicators:
– MACD: Still in slightly negative territory, but the narrowing histogram signals a potential momentum reversal.
– EMA50 – EMA200: EMA50 being above EMA200 supports a short-term uptrend, but if the price fails to hold above EMA50, short pullbacks might be seen.

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🔵 Spot investor commentary:
For spot traders, the 2,945 USD level can be considered as a stop-loss zone. As long as it stays above this level, those aiming for gradual entries may find the 2,950-2,960 USD range suitable for cost averaging. In the bullish scenario, the first target is 2,986 USD, followed by 3,103 USD. However, daily closes below 2,945 could accelerate the downtrend, so risk management should not be neglected.

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📌 Conclusion:
For short-term futures traders, 2,945 support and 3,103 resistance are the key breakout zones, while for spot investors, holding above 2,945 USD is critical. Positions can be opened according to the direction determined by the break and retest of these levels.

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