Ethereum price analysis (Bullish) — 4560.42 USDT (+1.21% 24h)

Ethereum continues to show impressive momentum, trading at $4,560 with a solid 1.2% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($4,500) and 50-day SMA ($4,497), indicating strong underlying support. However, the RSI reading of 72.37 suggests ETH is entering overbought territory, which could signal near-term consolidation or a minor pullback. Trading volume remains robust at $1.48 billion, supporting the current uptrend. Volatility at 2.68% is moderate for ETH, suggesting controlled price action rather than speculative frenzy. Traders should consider taking partial profits on existing long positions while maintaining core holdings. For new entries, wait for a pullback toward the $4,500 support level with tight stop losses below $4,450. The overall structure remains constructive, but caution is warranted given the elevated RSI levels.