#MarketTurbulence ETH Price Analysis
🔹 Price Movement
$ETH has eased from a recent peak near $4,788 down to around $4,603, though technical indicators still lean bullish.
🔹 Technical Indicators
EMA Alignment: 5-EMA ($4,607) is above the 10-EMA ($4,470) → short-term bullish alignment.
RSI & StochRSI: RSI near 70 and StochRSI above 92 → overbought conditions, suggesting a pause or pullback.
MACD: DIF (~258.6) is above DEA (~206.4) → momentum remains bullish.
Market Context
ETH recently reached a 4-year high (~$4,666).
Supported by $500M ETF inflows on August 12.
Analysts project potential upside to $5,241 based on MVRV valuation metrics.
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📌 Key Price Zones
Support:
Primary: $4,550 – $4,600 (between EMAs and recent dip levels)
Secondary: $4,500 if primary breaks
Resistance / Upside Targets:
Immediate: $4,650 – $4,700
Extended: $4,800 → $5,241 if continuation holds🛠 Strategy & Tactical Notes (Not Financial Advice)
Scaling Entries: Instead of chasing breakouts, consider scaling in near $4,550 – $4,600.
Volume Confirmation: Watch for strong green candles with high volume to confirm breakout potential.
Overbought Caution: Elevated RSI & StochRSI suggest a short-term pause or minor correction.
Risk Controls: Use tight stop-losses just below support (e.g., under $4,550) to limit downside risk.
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📈 Summary – ETH/USD (Next 12 Hours)
Ethereum remains cautiously bullish in the short term.
If $4,550 – $4,600 holds → upside toward $4,700, possibly $4,800.
If support breaks → retracement toward $4,500 likely.
