Ethereum surged nearly +9% in the past 24h, rebounding from lows of $4,204 to a high of $4,668, and is now consolidating near $4,647. The breakout has pushed ETH well above its key EMAs, confirming strong upside momentum. That said, momentum indicators show the market edging into overheated territory, hinting at the possibility of a short-term cooldown before the next leg higher.
📊 Technical Overview
EMA Alignment: EMA(7) $4,437 > EMA(25) $4,331 > EMA(99) $4,303 → Solid bullish structure
RSI(6): 88.5 → Deep in the overbought zone
StochRSI: 82.8 → Elevated, signaling pullback risk
MACD: Remains positive → Trend intact, momentum still favors bulls
🔑 Key Levels
Immediate support: $4,580 – $4,600
Stronger support: $4,430 – $4,450
Resistance zone: $4,670 – $4,700
🎯 Trading Plan
Patience pays — avoid chasing highs.
Potential entry: $4,580–$4,600 (first pullback) or deeper around $4,430–$4,450.
Targets: Short-term → $4,700+ | Mid-term → $4,800–$4,850
Stop loss: $4,390
📌 Outlook: ETH remains bullish with room for continuation, but the overheated RSI suggests a consolidation or minor pullback could precede another breakout.
⚠️ Not financial advice. Always DYOR. Crypto markets move fast.
#Ethereum #ETH #CryptoTrading #ETHBullRun #MarketUpdate
