Here's an analysis of ETH + chart & its image 🔷



*1. Technical analysis from chart 1*
- *EMA 50/200*: ETH price is still below the orange EMA 200 line. As long as it stays below, the major trend remains bearish. The EMA 50 also acts as resistance from above = dynamic resistance.
- *Price structure*: From high to low, it keeps making lower highs. There is no higher low yet to confirm a reversal. The current area is testing horizontal support. If it breaks, the target is the lower demand zone.
- *RSI + MACD*: RSI has just exited oversold but hasn't crossed 50 yet. The MACD histogram is starting to thin out in red. There is potential for a small bullish divergence if the next low is higher than the previous RSI low.

#GUSDYieldRisesto3.8%
ETH-1.82%
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