12-hour analysis for ETH/USDT
- Price pulled back from $4,788 high to $4,603, a minor correction after a strong uptrend.
- EMA(5) at $4,607 above EMA(10) at $4,470 shows bullish bias remains intact.
- RSI(14) near 70.9 and StochRSI over 92 indicate overbought territory, signaling possible short-term consolidation or slight dip soon.
- MACD positive with DIF at 258.6 above DEA 206.4, supporting ongoing bullish momentum.
- Support zone to watch: $4,470โ$4,500 (EMA10 area).
- Resistance in near term: $4,780โ$4,800 (recent high zone).
Trade advice:
- Entry: Consider buying near $4,470โ$4,500 if price shows bounce signs.
- Take Profit (TP): $4,780โ$4,800 for the next rally leg.
- Stop Loss (SL): Below $4,440 to limit risk if correction deepens.
Overall, ETH looks bullish on 12H but overbought, so expect some sideways or mild pullback before possible next up leg.
Like, share and follow for such guidance๐๐๐๐