ETH is currently trading at $3966.85 with positive momentum. The price is above key moving averages and RSI shows balanced momentum. Recent price action suggests potential for continued upward movement with clear support and resistance levels.
Current Market Position
ETH price at $3966.85 is above both 20-day ($3883.68) and 50-day ($3854.92) moving averages, indicating bullish momentum. The 3.04% 24-hour gain shows positive short-term movement.
Technical Indicators
RSI at 59.74 suggests the market is neither overbought nor oversold, leaving room for potential upward movement. Volume has been consistent, supporting the current price levels.
Support and Resistance Levels
Recent local lows around $3744-3847 provide strong support zones. Resistance appears near $3921-4081 based on recent highs. The current price is approaching these resistance levels.
Trading Strategy
Consider buying near support levels around $3820-3840 for potential upside. Look to take profits near resistance at $3920-3950. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 3820 USDT
Sell Price: 3920 USDT
Key metrics
| Price | 3966.8500 USDT |
| 24h Change | 3.04% |
| RSI(14) | 59.74 |
| SMA20 / SMA50 | 3883.68 / 3854.92 |
| Daily Volatility | 3.30% |
| 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.
