$ETH
Trends are mixed, however, there are improvements as it had a bullish breakout from Channel Down pattern. It's approaching $2,400 support, which could be a swing trade entry with +20% upside potential to $2,850. Stop Loss at $2,270. The recent launch of ETH Spot ETFs could boost demand for ETH.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Neutral, Medium-term trend is Neutral, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $2,100.00.
Nearest Resistance Zone is $2,620.00, then $2,850.00.