Ethereum price analysis (Bullish) — 2837.78 USDT (+0.95% 24h)

Ethereum continues to show resilience above key technical levels, with ETH/USDT trading at $2,837.78 and posting modest 0.95% gains over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($2,826) and 50-day SMA ($2,793), indicating underlying strength in the medium-term trend. With RSI at 58.25, ETH remains in neutral-to-bullish territory without being overextended. The 24-hour trading volume of $1.34 billion demonstrates healthy participation, while volatility at 4.69% suggests manageable price swings. Traders should watch for sustained closes above $2,850 as confirmation of further upside momentum. Support levels to monitor include the 20-day SMA around $2,826, with a break below potentially testing the $2,790-$2,800 zone. Given the current technical setup, consider scaling into long positions on dips toward support, maintaining tight stop-losses below $2,790 for risk management.