ETH is currently overbought with high RSI but shows recent recovery from lower levels. Price is above key moving averages, suggesting short-term strength but high risk due to potential pullback.
Current Market Overview
ETH is trading at $3534, up 2.3% in 24 hours. The RSI at 84 indicates overbought conditions, which often precedes price corrections.
Support and Resistance Levels
Recent local lows around $3400 provide strong support, while resistance sits near $3575-$3580 based on recent highs.
Trading Strategy
Wait for pullbacks to buy near support levels. Consider taking profits near resistance if holding positions.
Risk Management
High RSI and recent volatility suggest medium-high risk. Use stop-loss orders below support levels to protect capital.
Beginner Recommendations
Advice: hold
Buy Price: 3400 USDT
Sell Price: 3575 USDT
Key metrics
| Price | 3533.9900 USDT |
| 24h Change | 2.30% |
| RSI(14) | 83.78 |
| SMA20 / SMA50 | 3460.75 / 3475.46 |
| Daily Volatility | 3.38% |
| Sentiment | Neutral |
| 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.
