Ethereum price analysis (Bullish) — 3982.86 USDT (+2.37% 24h)

Ethereum continues to show impressive momentum, trading at $3,982 with a solid 2.37% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($3,890) and 50-day SMA ($3,857), indicating sustained bullish pressure. With an RSI reading of 62.33, ETH remains in healthy territory – neither overbought nor oversold – suggesting room for further upside. The $3.9 billion daily trading volume demonstrates strong institutional and retail interest, while the 3.26% volatility indicates relatively stable price action compared to typical crypto swings. Traders should watch for a potential test of the psychological $4,000 resistance level, which could trigger either a breakout or profit-taking. For position traders, holding with a stop-loss around $3,850 seems prudent, while swing traders might consider adding on any dips toward the $3,900 support zone. The overall technical picture favors continuation of the current uptrend.