$ETH

Technical Analysis for ETH/USDT Pair (4-Hour Frame)

Current Price: 2662.58 USDT

Daily Change: +0.43%

Moving Averages:

MA(7): 2664.17 – the price is currently below this, which may indicate the beginning of a slight selling pressure.

MA(25): 2567.91 – potential support in case the correction continues.

MA(99): 2448.21 – relatively distant major support.

Relative Strength Index RSI:

RSI(6): 57.70

RSI(14): 58.96

RSI(24): 57.71

All indicate a neutral state leaning towards upward movement, without clear overbought or oversold conditions.

MACD Indicator:

Positive MACD: 9.34

Upward momentum is still present but there is a sign of slight slowdown in buying power with the convergence of MACD lines.

24-Hour Trading Range:

Highest Price: 2734.30

Lowest Price: 2618.59

Most Important Technical Support:

2312.62 – the price previously bounced from this level and it forms a strong support base.

Technical Outlook:

The overall trend is still upward, but there are signs of slowing momentum.

Buying Opportunities: Possible if the price bounces from MA(25) or RSI level 50.

Selling Opportunities: Present if MA(7) is broken with negative confirmation from MACD.

Stay updated, and don't forget to use strict capital management.