Ethereum price analysis (Bullish) — 4233.22 USDT (+7.30% 24h)

Ethereum continues its impressive rally, pushing past $4,230 with a strong 7.3% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($4,135) and 50-day SMA ($4,024), indicating sustained bullish momentum. However, the extremely overbought RSI reading above 92 raises significant concerns about potential near-term exhaustion. Volume remains robust at $1.87 billion, supporting the current move, while volatility has moderated to 3.06%. Traders should consider taking partial profits at these levels and implementing tight stop-losses below $4,100. The risk-reward ratio appears less favorable for new long positions given the extreme RSI conditions. Watch for potential consolidation between $4,150-$4,300 before the next significant directional move. Options traders might consider selling premium or implementing collar strategies to protect gains.