🚀 ETH/USDT Daily Analysis — Breakout Confirmed, Eyes on $4,800?
Ethereum is currently trading at 4,642.88 USDT, up a strong +8.08% on the day. This breakout move has pushed ETH well above all major EMAs, signaling a powerful bullish continuation.
🔍 Trend & Structure:
- EMA(34): 3,691.40
- EMA(89): 3,138.53
- EMA(146): 2,918.94
- EMA(200): 2,838.76
ETH is stacked above all EMAs — a textbook bullish trend. The breakout above 4,400 confirms strength, and the next psychological target is $4,800.
📊 Momentum Indicators:
- MACD: Strongly bullish (DIF 298.97 > DEA 232.54, MACD 66.43)
- RSI(6): 86.91 — extremely overbought
MACD shows accelerating momentum, but RSI above 86 suggests ETH is in overbought territory. A short-term pullback or consolidation may occur before further upside.
🔧 Volume & Participation:
- Volume: 195M — solid confirmation of breakout
- MA(5): 597M
- MA(10): 566M
Volume supports the move, showing strong market interest. However, traders should watch for signs of exhaustion near resistance.
📌 Key Levels:
- Resistance: 4,800 → 5,000
- Support: 4,400 → 4,200 → 3,900
If ETH holds above 4,400, the bullish structure remains intact. A break below 4,200 would signal weakness and potential retest of lower EMAs.
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⚖️ Summary:
- ✅ Bullish breakout confirmed
- ⚠️ RSI overbought — short-term caution
- 🔍 Watch volume and daily closes for continuation signals
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