Ethereum price analysis (Bullish) — 4206.00 USDT (+0.31% 24h)

ETH is showing resilience above the $4,200 level with a solid 31.3% gain over the past 24 hours. The current price of $4,206 is trading above the 20-day SMA ($4,180), indicating short-term bullish momentum, though it remains below the 50-day SMA ($4,300), which could act as immediate resistance. The RSI at 58.27 suggests the asset is approaching overbought territory but still has room for upward movement before hitting extreme levels. High 24-hour volume exceeding $1.84 billion confirms strong institutional and retail interest driving this rally. However, with volatility at 2.24%, traders should expect continued price swings. My trading advice would be to consider long positions with tight stop-losses below $4,150, targeting a break above the 50-day SMA. For swing traders, waiting for a pullback to the $4,100-$4,150 support zone might present a better risk-reward entry.