Currently, Ethereum (ETH) is trading around $3,900, showing strong performance in recent days. Despite slight volatility in the last 24 hours, the momentum remains positive. ๐ Technical Indicators:
Moving Averages (MA): Above the 50-day and 200-day MAs, indicating a strong buy signal. The 50-day MA is approximately $3,600, and the 200-day MA around $3,200 (estimated figures).
RSI (14): Between 60-65, placing it in a neutral to mildly bullish zone, with a risk of overbought conditions.
MACD: Bullish crossover suggests increasing momentum.
Resistance and Support: $4,000 is a strong resistance level, while $3,800 and $3,600 act as support. If todayโs trend persists, ETH could break past $4,000. However, if selling pressure increases, it might test the $3,600 support. ๐
๐ Smart Advice: Hold, monitor the trend, and set a stop-loss for risk management! ๐ช
#ETH #CryptoAnalysis #BullishETH #HoldTheTrend #FutureHigh $ETH