$ETH 1. Price Trend ($ETH )
• $ETH has shown a strong upward movement, rising from around $1,537 to a peak of $1,818.18.
• The current price is around $1,798.30, slightly below the local resistance at $1,818.
2. Candlestick Pattern
• There are multiple large bullish candles, indicating strong buying pressure.
• A small candle has formed after the rally, which could suggest consolidation or a potential short-term reversal.
3. RSI (Relative Strength Index)
• RSI(6) is at 87.13, which is in the overbought zone.
• This signals a possible upcoming selling pressure or a short-term price correction.