Ethereum price analysis (Bullish) — 4400.41 USDT (+6.65% 24h)

Ethereum continues its impressive rally, pushing past the $4,400 level with strong 6.65% gains over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($4,342) and 50-day SMA ($4,237), indicating sustained bullish momentum. However, traders should exercise caution as the RSI reading of 72.2 suggests ETH is entering overbought territory. The substantial $2.65 billion in 24-hour trading volume confirms strong institutional and retail interest, but the elevated 3.05% volatility indicates potential for sharp price swings. For short-term traders, consider taking partial profits near current levels and setting stop-losses below $4,300. Long-term investors might wait for a pullback to the $4,200-$4,300 support zone before adding to positions. The overall technical picture remains positive, but the overextended RSI warns of potential consolidation or correction ahead.