🥰🥰Technical analysis of ETH price on the evening of December 13, 2024🥰🥰

On the evening of December 13, 2024, the price of Ethereum (ETH) continues to maintain an upward trend with positive signals from technical analysis:

🤩1. Technical indicators

The RSI (14) index reached the overbought level at around 75, indicating that demand is still strong but attention should be paid to potential corrections if it exceeds this threshold.

MACD remains in the positive zone, showing a clear upward price trend.

Oscillator indicators all indicate strong buy signals.

🤩2. Moving averages (MA)

The current price has surpassed most important MA lines (MA50, MA100, and MA200), reinforcing the long-term upward trend. Specifically, the MA200 around $3,360 is assessed as strong support.

🤩3. Resistance and support levels

The next major resistance level is $3,648; if broken, ETH could approach the $3,700 range.

The nearest support level is $3,600, followed by $3,550.

🤩Conclusion: ETH is in a strong upward trend, but with indicators nearing the overbought zone, investors should closely monitor to minimize risks in case of short-term corrections.

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