$ETH

It is clear that the market is experiencing a strong upward trend today. Let me explain the key technical points based on the current data:

Candles: There is a strong bullish candle that broke the resistance at $1846 (7-day moving average) and rose to $1944, which is the highest price in 24 hours.

Moving Average (MA): The price is now above all moving averages (7, 25, and 99 days), which reinforces the strength of the upward trend.

MACD: The indicator shows a positive explosion, where the blue line (DIF) has strongly crossed the orange line (DEA), and the histogram has turned into a strong green — a signal of new liquidity entering and the start of an upward wave.

RSI: The Relative Strength Index (RSI) has reached 80.95, indicating that it has entered the overbought zone. This does not necessarily mean the end of the rise, but it warns that a correction is possible at any moment after this surge.

Quick Analysis:

Current Trend: Strongly bullish.

Next Resistance Area: Around $1954, and if it is broken, we may see an attempt to reach levels of $2000.

Strong Support Now: At $1846, and breaking it downward will weaken the current momentum.

Recommendation for Traders:

From within the trade: Monitor closely and secure a portion of the profits, especially since the RSI is very high.

From outside the trade: Wait for a slight correction to enter, instead of buying at the peaks.