Ethereum Technicals: Is the Next Upside Wave Coming?
This technical analysis provides a deep examination of Ethereum's market structure, evaluating critical support and resistance levels for the specified date. We utilize key technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to determine price momentum and the probability of entering the next significant upward wave. While chart patterns indicate an overall positive outlook, potential warnings for a short-term price correction are noted to ensure traders are prepared for proper risk management during market fluctuations.