#CreatorPad
Current Market Value and Key Developments
The ETH price is currently hovering around 4,720 USD.
In the past 24 hours, it has shown an upward movement of approximately 5–5.4%.
On a weekly basis, there is an increase of between 26–28%, and on a monthly basis, an increase of approximately 53–57% is observed.
⚔️ Technical Analysis Details (Investing.com & TipRanks)
Investing.com:
The "Strong Buy" signal is dominant across all time frames: all indicators from minutes to months are in the buy direction. There is sharp technical optimism.
RSI ~66.6, MACD and other oscillators are giving positive signals. All moving averages (MA5–MA200) are producing a "Buy" signal.
TipRanks:
In the 2-week technical assessment, the overall signal is: Buy (14 bull, 2 neutral, 6 bear); moving averages: Strong Buy (12 bullish).
However, indicators like RSI (~74.8) and CCI are generating a "Sell" signal: it may have approached the overbought zone.
Some indicators like MACD and Stochastic RSI also confirm the overbought pressure, while momentum indicators like ROC are still in the "Buy" direction.
