Forecast and analysis on ETH:
On the weekly chart ETH/USDT is dominated by a powerful bullish trend. The trend indicators (Moving Averages and MACD) clearly indicate a continuation of the rise.
However, key oscillators (RSI and KDJ) signal critical overbought conditions for the asset in the long term. This does not necessarily mean an immediate trend reversal, but significantly increases the likelihood of one of two scenarios in the coming weeks/months:
Correction: A sharp or smooth decline in price to "cool down" the indicators.
Consolidation: A transition of price into sideways movement (flat) for some time, which will also allow the indicators to exit the overbought zone.
Conclusion: The long-term picture remains bullish, but the risk of a short-term and medium-term pullback is very high. Buyers fully control the situation, but the market is "overheated," requiring traders to exercise increased caution. #DYOR $ETH #analysis