Ethereum ($ETH ) has seen a strong and sudden rise in recent days, jumping from levels of $2,100 to touch the barrier of $3,789, driven by exceptional buying momentum that made it top the list of the most active cryptocurrencies.

In this analysis, we monitor the most important technical indicators and future forecasts, and identify optimal entry and exit opportunities 👇

🔍 Notable technical features:

  • The price is moving in a strong upward channel on the daily timeframe, breaking through all major moving averages.

  • The RSI has exceeded the threshold of 96, which reflects an extreme overbought condition that may be followed by a near correction wave.

  • The MACD indicator shows a clear widening, indicating the continuation of the trend, but with a near loss of momentum.

  • Trading volumes are increasing, enhancing confidence in the rise, but caution should be taken against any sudden drop in volume.


🎯 Upcoming forecasts:

  • If the current momentum continues:

    The price can easily reach the area of $4,200 – $4,500 in the coming days.

  • In case of a technical correction:
    The price may return to test strong support levels at:

    • $3,500 (initial strong support)

    • $3,135 (medium-term support)

💡 Recommendations:

📌 Short-term (1 – 3 days):

  • ✳️ Buying opportunity: at any correction towards the area of $3,500 – $3,600 with the appearance of a reversal candle.

  • 🔻 Stop loss: a clear break below $3,480 with a closing candle of 4 hours.

  • 🎯 Short-term target: $4,100 – $4,200.

📌 Long-term (5 – 14 days):

  • ✳️ Extended target: $4,400 – $4,500.

  • ✅ Holding the trade: preferred if the price is firmly above $3,600.


⏳ Important note:

Despite the strong upward trend, technical indicators show a near temporary correction phase. Therefore, smart buying after a pullback is preferred over random entry at peaks.

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