Technical picture ETH/USDT

Ethereum, after a confident rise to $4,788, has entered a correction phase and is trading around $4,642.

📊 The trend remains upward in the medium term, but the RSI at 73 signals overbought conditions, increasing the likelihood of a pullback or consolidation in the coming hours.

Support: $4,450–$4,400

Resistance: $4,780–$4,900

MACD remains in the positive zone; however, the growth momentum is slowing down.

High volumes on red candles indicate active profit-taking.

💡 Short-term: a pause in growth or a correction to support is likely.

💡 Medium-term: as long as the price is above $4,400, the bullish scenario remains intact.