Ethereum price analysis (Bullish) — 4434.43 USDT (+2.46% 24h)

ETH is showing strong momentum, trading at $4434 with a solid 2.46% gain over 24 hours. The RSI reading of nearly 80 indicates overbought conditions, which typically suggests a potential pullback or consolidation phase ahead. However, price remains above both the 20-day SMA ($4386) and 50-day SMA ($4350), confirming the bullish trend structure. High 24-hour volume of $2.34B supports genuine buying interest rather than weak hands. Given the elevated volatility of 2.49%, traders should consider taking partial profits near current levels while maintaining core positions. Look for support around $4380-4400 for potential re-entry opportunities. Options traders might consider selling premium given the high implied volatility environment.