$ETH
ETH/USDC 12h chart shows stronger bullish momentum, but it’s also flashing early signs of possible short-term exhaustion.
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🔍 Key Observations Since Last Update
Price: Now at 3,894.52 (up from 3,829.25 earlier).
24h High: 3,938.73 — price is close to this resistance.
EMAs:
EMA(9) = 3,751.99
EMA(21) = 3,693.71
EMA(50) = 3,537.15
→ All EMAs are pointing upward and price is well above them — strong bullish alignment.
MACD: DIF (53.92) well above DEA (27.70) with expanding histogram — momentum is accelerating.
Stoch RSI: 98.59 (deep overbought zone).
Volume: Still healthy but not spiking further compared to the earlier move — potential sign of buying pressure slowing.
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📈 Bullish Signs
Price is breaking past previous resistance levels and trending toward the 3,938–3,942 zone.
EMA alignment and MACD both confirm strong upside momentum.
Higher lows and higher highs are intact.
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⚠️ Risk Signals
Stoch RSI above 98 → market is in extreme overbought territory; historically this leads to short pullbacks or sideways consolidation.
Price is very close to major resistance (around 3,940–3,950). A failed breakout could cause a dip toward 3,800–3,750.
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📊 Short-Term Scenarios
1. Bullish Continuation (higher probability if volume rises again)
Price breaks 3,950 with conviction.
Next target zones: 4,000 (psychological level), then 4,050–4,150.
2. Rejection at Resistance (likely if buying volume fades)
Pullback to 3,800–3,750 range.
Stronger correction could test EMA(21) near 3,695.
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💡 At this point, ETH looks bullish but overheated, meaning any breakout attempt could be followed by a quick retest of support before continuing higher.
