🧾 Overview of ETH Price
Current price: ~$2,200
24h increase: ~20%
24h trading volume: ~$38.5B
Market capitalization: ~$265B
Reason for price increase: Positive sentiment after the US-UK trade agreement and Pectra upgrade
📊 Technical Analysis by Time Frame
⏱ 15 Minutes
RSI: ~88 (overbought)
MACD: Positive
Volume: Strong increase
Strategy: Watch for short-term profit taking at the $2,220–$2,250 range; be cautious with corrections
🕐 1 Hour
RSI: ~92 (overbought)
MACD: Strong increase
ADX: ~99 (strong trend)
Strategy: Watch for short position if price does not exceed $2,250; stop-loss above $2,280
🕓 4 Hours
RSI: ~92 (overbought)
MACD: Strong increase
Volume: Surge
Strategy: Wait for a pullback to the $2,050–$2,100 range to open long; stop-loss below $2,000
📅 1 Day
RSI: ~92 (overbought)
MACD: Strong increase
ADX: ~99 (strong trend)
Strategy: Hold long if entered from the $1,800–$1,900 range; target $2,400–$2,500
📈 Trading Strategy
Spot
Strategy: Hold the position if bought at a low price; take profits at $2,250–$2,300
Short-Term Futures
Long: Open at $2,050–$2,100; TP $2,250; SL below $2,000
Short: Open at $2,250–$2,280 if there is a reversal signal; TP $2,100; SL above $2,300
📰 Top News in the Last 24h
Pectra upgrade: Successfully deployed but initial price reaction is limited
US-UK trade agreement: Creates a positive sentiment, driving ETH prices up significantly
Liquidation of futures contracts: Over $188 million in ETH positions liquidated, mainly short
📌 Conclusion
ETH is in a strong uptrend but technical indicators show an overbought state. Investors should be cautious, take profits, and wait for a reasonable entry point.
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