ETH is currently trading at $4106.91 with a 2.33% daily gain. The RSI indicates overbought conditions, suggesting caution for new buyers. Recent price action shows support near $3978 and resistance around $4142.
Current Market Overview
ETH is trading above both 20-day and 50-day moving averages, showing short-term strength. However, the RSI above 70 suggests the asset may be overbought and due for a pullback.
Support and Resistance Levels
The recent local minimum of $3978 provides strong support, while the local maximum of $4142 acts as resistance. These levels help identify potential entry and exit points.
Trading Strategy
Given the overbought conditions, it’s better to wait for a pullback to buy near support. Consider taking profits near resistance levels to lock in gains.
Beginner Recommendations
Advice: hold
Buy Price: 3978 USDT
Sell Price: 4142 USDT
Key metrics
| Price | 4106.9100 USDT |
| 24h Change | 2.33% |
| RSI(14) | 71.26 |
| SMA20 / SMA50 | 4068.86 / 4032.34 |
| Daily Volatility | 2.75% |
| 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.
