ETH is showing mixed signals with recent price recovery but overbought RSI. Current price is above key moving averages, suggesting underlying strength, but caution is advised due to high RSI levels.
Price Action Overview
ETH dropped to a low near $3223 recently but has recovered to $3431. The price is now above both the 20-day and 50-day moving averages, indicating short-term bullish momentum.
RSI Indicator Warning
The RSI is at 72.86, which is above 70. This suggests ETH might be overbought and could face a pullback soon. Beginners should be careful buying at these levels.
Support and Resistance Levels
Key support (buy zone) is around $3223 based on recent lows. Resistance (sell zone) is near $3468 from recent highs. These levels help plan entry and exit points.
Trading Strategy
Wait for a pullback to buy near support. If you already hold ETH, consider taking profits near resistance. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 3223 USDT
Sell Price: 3468 USDT
Key metrics
| Price | 3431.0000 USDT |
| 24h Change | 2.12% |
| RSI(14) | 72.86 |
| SMA20 / SMA50 | 3388.48 / 3361.21 |
| Daily Volatility | 4.26% |
| 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.
