$BTC
The current situation of ETH/USDT (daily frame) shows the following:
Technical data:
Current price: 93,009
Highest price in 24 hours: 94,212
Lowest price in 24 hours: 91,662
Latest high candle: 94,779
Moving averages:
MA5 = 90,566 (trading price above it = positive)
MA10 = 87,502 (trading price much higher = strong momentum)
MA20 = 84,586 (supports the upward trend)
Candles: Last 5 strong green candles followed by a small candle (indicating a slowdown in momentum or the beginning of a temporary correction)
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Quick analysis:
Overall trend: Clearly upward.
Current resistance area: 94,700 - 95,000 (if broken firmly, we are talking about 97,000 to 100,000 as a possible target).
First support area: 91,000 - 90,500 (close to MA5).
Main support area: 87,500 - 85,000 (MA10 + previous breakout level).
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Is the situation dangerous?
Not now, but the current candle is small and shows some hesitation; if it closes today with a doji or red candle, we might see a slight correction before attempting to rise again.
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Summary:
As long as the price is above 91,000, especially above MA5, the trend is upward.
Breaking 90K could lead us to a deeper correction towards 87K.
A daily firm breakout of 94,800 opens the way towards 97K.