#CryptoTrading. #Signalš„.
šTechnical Analysis (1 hour) $ETH /USDT
1. Price and Trend:
ā¢ The current price is around $3,540.00. The latest candles show an upward movement, but with signs of correction (red candles).
ā¢ Bollinger Bands (20, 2) indicate a range of $3,521.45 (lower limit) to $3,593.23 (upper limit). The price is closer to the midline ($3,557.34), which may indicate consolidation.
2. Moving Averages (MA):
ā¢ The chart shows the MA (purple line), which demonstrates an upward trend in the medium term, but with signs of slowing down.
ā¢ Volume shows a surge in activity (74,506.61) with MA(5) $148,235.13 and MA(10) $145,777.44, which may indicate interest in the asset at current levels.
3. MACD:
ā¢ MACD shows DIF (-1.28), DEA (2.39) and MACD (-3.67), indicating a potential bearish crossover as DIF has fallen below DEA. This may signal possible downside pressure.
4. Stochastic RSI:
ā¢ Stochastic RSI (9.86 for %K and 8.39 for %D) is in the overbought zone (above 80), which may indicate a possible correction or reversal.
5. OBV (On-Balance Volume):
ā¢ OBV (2.01M) is showing an increase, confirming the upward pressure of demand, although the latest data shows a decrease in activity.
ā ļøConclusion: The chart currently shows an uptrend with signs of a possible reversal or correction, especially due to overbought conditions (Stochastic RSI) and divergence in MACD. It is recommended to watch the support at $3,415.81 and resistance near $3,674.43.
