Short-term trend: ETH is showing signs of stability after maintaining important support levels. Indicators such as MACD are shifting to a slightly positive state on shorter time frames, indicating that selling pressure has eased.

Price levels to note:

Support: The range of 1,875 USD - 1,900 USD is considered the current "hard bottom." If this level is maintained, ETH has a chance to recover to higher ranges.

Resistance: The nearest daily target is the range of 2,024 USD - 2,120 USD. To break out stronger, ETH needs to surpass the psychological threshold of 2,187 USD.

Trading signal: Some experts suggest a Buy strategy when the price is above 1,875 USD with the expectation of taking profit at the range of 2,024 USD - 2,500 USD in the coming days. #Write2Earn! $ETH

ETH

2,133.85

+4.40%