Ethereum is currently trading at $4707 with a 3.5% daily gain. The price is above key moving averages and RSI shows moderate momentum. Recent price action suggests potential support and resistance levels for entry and exit points.
Current Market Position
ETH is trading at $4707, above both the 20-day ($4677) and 50-day ($4593) moving averages. This indicates a positive short-term trend. The RSI at 59 suggests moderate momentum without being overbought.
Recent Price Action
Looking at recent hours, ETH found support around $4487 (local minimum) and resistance near $4722 (local maximum). The price has been bouncing between these levels with increasing volume during upward moves.
Trading Strategy
Consider buying near recent support levels around $4500-4520 where the price has previously bounced. For selling, target the recent resistance area near $4720 where the price has struggled to break higher.
Risk Management
Always use stop-loss orders below your buy price to limit potential losses. Crypto markets can be volatile, so only invest what you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 4500 USDT
Sell Price: 4720 USDT
Key metrics
| Price | 4707.0100 USDT |
| 24h Change | 3.50% |
| RSI(14) | 59.26 |
| SMA20 / SMA50 | 4677.07 / 4593.57 |
| Daily Volatility | 2.59% |
| Sentiment | Bullish |
| 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.
