ETH is currently in an uptrend but shows signs of being overbought. Consider waiting for a pullback to buy near support levels.
Current Price Action
ETH is trading at $3609.63, up 6% in 24 hours. The price is above both the 20-day and 50-day moving averages, indicating bullish momentum.
RSI Warning
The RSI is at 73.6, which is above 70. This suggests ETH might be overbought and could see a temporary price drop soon.
Support and Resistance
Recent local lows around $3368 provide strong support. The recent high near $3636 acts as resistance. Use these levels for entry and exit points.
Trading Strategy
Wait for price to drop near support to buy. Consider taking profits near resistance if you’re already holding. Current high RSI suggests caution for new buys.
Beginner Recommendations
Advice: hold
Buy Price: 3370 USDT
Sell Price: 3630 USDT
Key metrics
| Price | 3609.6300 USDT |
| 24h Change | 6.02% |
| RSI(14) | 73.62 |
| SMA20 / SMA50 | 3560.22 / 3468.02 |
| Daily Volatility | 4.31% |
| Sentiment | Bullish |
| 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.
