$ETH [TECHNICAL ANALYSIS – ETH/USDC]

Timeframe: 1D

Trend: Short-term recovery

Sentiment: Cautiously bullish

Key Data:

• Current price: 1801.59 USDC

• 24h Range: 1739.52 – 1828.82 USDC

• RSI(6): 73 (overbought zone)

• EMA(7): 1724.03 | EMA(25): 1714.81 | EMA(99): 2188.50

• MA(5): 638M | Volume: 512M

Highlights:

• ETH has rebounded strongly from the recent low of 1383.67 USDC, breaking above short-term EMAs (7 and 25).

• The price is approaching resistance levels but remains far below the long-term EMA(99), indicating a wider bearish context.

• RSI(6) has surged to 73, entering overbought territory, which may signal a potential short-term pullback.

• Bullish volume spike supports current momentum, but follow-through will be key in the coming days.

Conclusion:

ETH is showing signs of a short-term reversal with momentum building above key short-term EMAs. However, the overbought RSI and resistance near 1850–1900 USDC may limit further upside without consolidation. Traders should monitor volume continuation and RSI cooldown before committing to new entries.

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