Ethereum

Detailed technical analysis of the ETH/USD chart

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đź§­ General Context (1D, Long-Term):
The chart covers the period from approximately September 2023 to June 2025.

ETH/USD has gone through a complete cycle: growth → decline → correction → potential consolidation/accumulation.

🔹 Market Structure (Price Action)
🔸 Trends:
November 2023 – March 2024: strong uptrend, ETH reaches highs around $4,000+

March 2024 – February 2025: clear downtrend ending with a local low around $1,600

February 2025 – May 2025: dynamic rebound – probable trend change (new higher low + higher high)

May – June 2025: currently consolidating between ~$2,400–2,800

📉 Key Support and Resistance Levels
Type Level Notes
🔴 Resistance ~2,800 – 2,900 Local high, many candles with shadows rejected from above
🟡 Resistance ~3,200 – 3,400 Beginning of strong declines from 2024
🟢 Support ~2,300 – 2,400 Local lows in June 2025
🟢 Strong support ~1,600 – 1,800 Final market low of March 2025 (possible accumulation phase)

📊 Technical indicators
âś… Stochastic RSI (at the bottom of the chart):
Currently in the oversold zone (~0–20) → may signal a potential bottom / buying opportunity

Red-blue lines are starting to wrap upwards → possible rebound

Recent crossovers of the indicator corresponded to local price movements

🔍 Technical formations
⚠️ Possible formations:
Double Bottom: February–March 2025 → classic trend reversal formation

Rising Channel: from March 2025 to present – ​​prices are moving in a slightly rising channel

Current consolidation may be a bull flag (continuation after the increase)

📌 Summary – scenarios
🟢 Bullish scenario:
Breakout of resistance ~2,800 → possible test of levels 3,200 – 3,400 USD

Confirmation of a higher low → continuation of the uptrend

Stochastic RSI in the oversold zone → potential for an uptrend

đź”´ Bearish scenario:
Drop below 2,300 USD → possible return to the area of ​​1,800–1,600 USD

Breakout of the structure of higher lows

Confirmation that the increase was only a correction

đź§  Final conclusions
Currently, ETH/USD is in a key decision zone: after a strong rebound, the market is resting.

Stochastic RSI suggests a potential upside impulse, but requires confirmation by a breakout of resistance.

For traders: 2,800 (resistance) and 2,300 (support) are worth watching.

For investors: 1,600–1,800 could be considered a long-term accumulation zone.

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