ETH is showing bullish momentum with price above key moving averages, but RSI suggests it’s approaching overbought territory. Recent price action indicates support near $3860 and resistance around $4100.
Current Market Position
ETH is trading at $4074.56, up 4.66% in 24 hours. The price is above both the 20-day ($3990) and 50-day ($3926) moving averages, indicating bullish momentum.
RSI Indicator
The RSI is at 65.7, which is approaching overbought levels (above 70). This suggests the current uptrend might be getting extended and could face some pullback.
Support and Resistance Levels
Recent local lows around $3860-3870 provide strong support. The current price is testing resistance near $4100 based on recent highs and momentum.
Trading Strategy
Consider buying near support levels around $3870 for potential upside. Look to take profits near $4100 resistance. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 3870 USDT
Sell Price: 4100 USDT
Key metrics
| Price | 4074.5600 USDT |
| 24h Change | 4.66% |
| RSI(14) | 65.73 |
| SMA20 / SMA50 | 3990.23 / 3926.87 |
| Daily Volatility | 3.69% |
| 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.
