ETH is currently trading near $4669 with mixed signals. The RSI suggests it might be overbought, but recent price action shows some support around $4600. Consider waiting for a better entry point.
Current Market Position
ETH is trading at $4668.68, slightly above both the 20-day ($4621.53) and 50-day ($4654.69) moving averages. The RSI of 72 suggests the asset might be overbought, which often precedes a pullback.
Support and Resistance Levels
Recent local lows show strong support around $4600-$4620. The highest recent peak was $4756, but more immediate resistance appears around $4680-$4700 based on recent price action.
Trading Recommendation
Given the high RSI and current price level, it’s better to wait for a pullback to support levels before buying. The risk is medium as ETH could continue upward but might correct first.
Beginner Recommendations
Advice: hold
Buy Price: 4600 USDT
Sell Price: 4750 USDT
Key metrics
| Price | 4668.6800 USDT |
| 24h Change | 0.02% |
| RSI(14) | 72.32 |
| SMA20 / SMA50 | 4621.53 / 4654.69 |
| Daily Volatility | 1.88% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
