Ethereum price analysis (Bullish) — 3606.30 USDT (+5.92% 24h)

Ethereum continues to demonstrate impressive momentum, trading at $3,606 with a robust 5.92% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($3,569) and 50-day SMA ($3,471), indicating strong underlying bullish structure. However, the RSI reading of 78.21 signals severely overbought conditions that warrant caution. Volume remains substantial at $1.94 billion, supporting the current price action but also suggesting potential exhaustion near these levels. The 4.31% volatility reading indicates elevated price swings, typical during strong trending moves. Traders should consider taking partial profits on existing long positions while maintaining core holdings. For new entries, waiting for a pullback toward the $3,550-$3,570 support zone would provide better risk-reward opportunities. Strict stop-losses below $3,500 are advisable given the stretched technical readings.