Ethereum MACD shows signs of a "golden cross pattern", long positions are targeting the upper 27XX USD.

Looking back at last week's trend, Ethereum successfully broke through the 50-day moving average around $2429 on Tuesday and found support there. Subsequently, on Sunday, it further broke through the key resistance level of $2461. If Ethereum can stabilize above $2461, its upward momentum is expected to continue and challenge the next daily resistance level of $2724.
The current RSI reading on the daily chart is 52, above the neutral level of 50, indicating that bullish momentum is strengthening. At the same time, the MACD indicator is also showing signs of a golden cross pattern (the MACD line is about to cross above the signal line); if this cross is confirmed, it will issue a buy signal.
If the trend weakens and Ethereum closes below $2461, it may continue to decline and attempt to seek support near the 50-day EMA of $2429.