Ethereum (ETH) is trading at $3,812.92, up +6.61%, after a strong bullish breakout from the previous resistance zone around $3,045. The price is showing intense momentum, eyeing the next major resistance.
The RSI at 92.52 signals extreme strength but also indicates overbought conditions. The MACD remains highly bullish, supporting the continuation of this surge in the short term.
š Key Levels:
Resistance: $4,243.94
Support: $3,045.93
šÆ Buy Zone: $3,700 ā $3,800 (only on pullbacks)
š” Stop Loss: Below $3,530
šÆ Target 1: $4,000
šÆ Target 2: $4,243 and higher
š„ My Take: ETH has broken out with strong volume and momentum. If the price holds above $3,700, bulls could aim for $4,243+. However, watch for possible short-term pullbacks as the RSI is overextended. Tight risk management is essential.