📢 Technical Analysis for $ETH – Daily Frame

🔸 The price is currently at 4,623 after a decline of -2.63% from the peak of 4,794.

🔸 The 20-day moving average and the 50-day moving average are above the 200-day, supporting the continuation of the upward trend.

🔸 The RSI indicator is at 73.97 in the overbought zone, which may indicate a potential correction soon.

📌 Trade Type: Spot / Spot

🎯 Positive Scenario:

– If it remains above 4,600

– Targets: 4,800 – 5,000 – 5,250

❌ Negative Scenario:

– If it breaks below 4,450

– Targets: 4,200 – 3,950 – 3,520

📌 Note: The overall trend is upward but the RSI is high, it's better to wait for a confirmation signal before entering a buy.

⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.#HotJulyPPI #BTCBreaksATH #REVABinanceTGE #ETHRally #ETHOvertakesNetflix