$ETH is now closing in on significant historical resistance. Looking at the weekly chart, the previous major peak (local high) sits around $4,107 This level will act as a magnetic pull and a formidable test for bulls. The current price is strategically positioning itself for an assault on this historical barrier.

$ETH has embarked on a powerful vertical ascent, especially evident on the daily chart. The price is trading at $3,751 pushing aggressively towards its recent 24-hour high of $3,766 The weekly chart showcases a colossal green candle, confirming a major breakout from prolonged consolidation and establishing a strong long-term uptrend. All key $ETH moving averages (MA7: $3,412 MA25: $2,842 MA99: $2,408 on daily) are in perfect bullish alignment, far below the current price, underscoring the immense buying pressure.
However, a critical observation from my experience perspective is the daily RSI (14) at an extreme 87.34. This figure is deeply in overbought territory, signaling that the asset is highly extended in the short term. While $ETH bullish sentiment is rampant, such readings typically precede a period of profit-taking, consolidation, or a healthy retracement to cool off indicators and rebalance the market.