Ethereum price analysis (Bullish) — 4019.02 USDT (+2.41% 24h)

ETH is showing resilience trading at $4,019, holding above the critical 20-day SMA at $4,007. The 2.41% gain on substantial $1.85B volume suggests genuine buying pressure, not just a dead cat bounce. The RSI at 35.57 indicates ETH is approaching oversold territory, which often precedes a momentum shift. With price trading above both the 20 and 50-day SMAs, the near-term structure remains constructive. However, the elevated 2.85% volatility reading warrants caution for leveraged positions. My advice is to consider scaling into longs on any dip towards the $3,970 SMA50 support level, using a stop-loss below $3,920. A decisive break and close above $4,100 would confirm bullish continuation towards the $4,200-$4,300 resistance zone. Risk management is key here given the volatility.