$ETH
ETHUSDT is currently experiencing a very strong bullish wave:
The price has now reached 2484.52 USDT, up +28.54% in the last 24 hours!
The daily candlestick is strongly bullish and breaking through old resistance levels.
RSI is very high:
RSI(6) = 97.67 (clear overbought)
RSI(14) = 92.01 (extremely overbought)
RSI(24) = 86.46 (also very high)
The MACD indicator is also in a strong positive zone:
DIF = 132.29
DEA = 69.46
The difference (MACD) = 62.83, indicating strong bullish momentum.
All MA averages are below the current price, reinforcing the bullish trend:
MA(7) at 2197.58
MA(25) at 1924.79
MA(99) at 1836.00
Technical Summary:
Current trend: Strongly bullish.
However, indicators like RSI indicate severe overbought conditions, which means the price may soon face a correction or profit-taking before continuing to rise.
Advice for traders:
Do not enter a buy now, as the price is actually at the peak of the overbought wave.
It is better to wait for a correction towards support areas (like MA7 at around 2200) and then enter if positive reversal signals appear.
If you are already in the trade from the bottom, you can take some profits now and secure your gains, while keeping a part to benefit from any further rise.
