ETH/USDT Analysis – Bullish Breakout with Strong Momentum
Ethereum (ETH) is showing impressive bullish strength as it surges to $3,912, gaining +6.19% on the 4-hour chart. The price has broken above a key resistance at $3,828, forming a strong uptrend with higher highs and higher lows. ETH is now approaching the next resistance at $3,927, and a clean breakout could open the door to test the psychological level of $4,000.
The price is well above the key EMAs: EMA(34) at $3,675, EMA(89) at $3,627, and EMA(200) at $3,407, confirming bullish alignment across all moving averages. The MACD is in positive territory with widening green bars and the MACD line well above the signal line, showing strong momentum.
Notably, RSI(6) has reached an overbought level of 86.64, suggesting strong buying pressure — but also a potential short-term pullback or consolidation.
Volume has increased significantly, confirming the bullish move with strong participation. As long as ETH holds above $3,828, the bullish outlook remains intact. Traders should watch for either a continuation breakout or a minor correction for re-entry opportunities.