ETHUSDT Daily Update

ETH trading at 1,789 USDT with a daily volume of 539,271 ETH and average volatility of 6.77%. The RSI(14) at 54.34 and MFI(14) at 59.87 suggest moderate bullish momentum, supported by CCI(14) at 73.89 indicating slight upward pressure. Price action is near the upper BBands(20,2), reflecting elevated buying interest. The ATR at 102.86 USDT shows decent intraday movement potential. However, the price remains below the SMA(50), implying overall medium-term weakness. On the bullish side, MOM(10) is positive, MACD is in a bullish crossover, Parabolic SAR signals upward direction, and TD Sequential shows early upside continuation with a "1 Up". ADX indicates a weak bullish trend, suggesting momentum is building but not yet strong.

Conclusion:

Overall, ETH shows early bullish signals with improving momentum indicators, but caution is advised until a sustained break above the SMA(50) confirms stronger trend continuation.