ETH Technical Analysis in a 2-Day Timeframe

Aug 28

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Now, let’s dive into this chart analysis:

ETH is holding decent support within the $2,184-$2,348 range. A few weeks ago, when the market experienced a major correction, ETH dropped to this same support range and bounced back.

With the price currently at $2,520, ETH is likely to test the 35 EMA resistance. If it closes above the 35 EMA, a rally toward the upper resistance at $3,750 is possible.

The RSI has rebounded from the oversold zone, and bullish momentum is building.

Key levels:

- Support Range: $2,184-$2,348.
- Primary Resistance: $2,930.
- Higher Target: $3,750.

DYOR. NFA.

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