1. Price: Ethereum is trading at $3831.01 (+4.38% in 24 hours).
• Maximum in 24 hours: $3905.
• Minimum in 24 hours: $3670.
2. Technical indicators:
• EMA (50, 100, 200): All exponential moving averages indicate a strong uptrend (price above all three EMA levels).
• RSI: The RSI value (6, 12) is above 70, indicating overbought conditions. This may point to a possible correction in the near future.
• Volume: Significant trading volumes confirm the interest of market participants.
Analysis:
• The uptrend is strong, confirmed by robust candles and volumes.
• Overbought conditions (high RSI) may lead to a correction, but if the bullish sentiment continues, Ethereum may test levels above $4000.
Forecast:
1. Bullish scenario: If it consolidates above $3900, the next targets could be $4000 and $4200.
2. Bearish scenario: If a correction begins, important support levels are $3600 (EMA 50) and $3450.