Hello everyone,

I hope you are all well.

Ethereum ($ETH ) has a current price of $2598.89, reflecting a rise of 1.53% compared to the price over the last 24 hours. The asset has shown significant variation, with a 24-hour high of $2619.99 and a low of $2476.03, indicating moderate volatility during the period.

The trading volume was substantial:

- ETH traded: 723,703.18

- USDT traded: 1.85B

This demonstrates robust interest from investors, with strong liquidity in the market.

The values of the exponential moving averages (EMA) suggest that Ethereum maintains an upward trend in the short term:

- EMA(7): $2501.93

- EMA(25): $2160.97

- EMA(50): $2052.31

- EMA(99): $2175.06

- EMA(200): $2438.35

The fact that the EMA(7) is above the others indicates a positive short-term momentum.

The high volume, combined with the rising moving average, reinforces market interest and buying pressure.

- Volume: 212,019.2583

- Moving Average (MA):

- MA(5): 782,211.3987

- MA(10): 931,835.5337

The Relative Strength Index (RSI) is elevated:

- RSI(6): 70.87

- RSI(12): 73.66

- RSI(24): 66.84

As the RSI has surpassed 70, this may suggest that Ethereum is overbought, signaling a potential future correction.

Ethereum shows a positive movement, with good performance in the short term, strong liquidity, and high volatility.

However, I repeat, indicators like RSI suggest that the asset may be overbought, which could result in an imminent price correction. Investors should be cautious of possible pullbacks.

And remember, your greatest token is your capital, protect it. 🚀

A strong hug.