ETH is trading near recent highs with moderate momentum. Current price is above key moving averages, suggesting bullish bias, but near-term resistance may limit upside.
Price Overview
ETH is currently at $2951.61, up 0.89% in 24 hours. The price has been bouncing between support around $2870 and resistance near $2970 recently.
Technical Indicators
RSI at 56.65 shows neither overbought nor oversold conditions. Price is above both 20-day ($2932) and 50-day ($2906) moving averages, indicating positive momentum.
Support and Resistance
Key support levels are around $2870-2880 based on recent lows. Resistance is strong near $2970 where price has struggled to break through multiple times.
Trading Strategy
Consider buying near support around $2880 for potential bounce. Look to take profits near resistance at $2970. Current price is closer to resistance, so wait for better entry.
Beginner Recommendations
Advice: hold
Buy Price: 2880 USDT
Sell Price: 2970 USDT
Key metrics
| Price | 2951.6100 USDT |
| 24h Change | 0.89% |
| RSI(14) | 56.65 |
| SMA20 / SMA50 | 2932.07 / 2906.69 |
| Daily Volatility | 4.49% |
| 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.
