ETH/USDT 4-Hour Chart Technical Analysis

📌 Current Price: 1793.31 USDT

📈 Daily Gain: +2.11%

📊 RSI (14): 77.71 (Entering Obvious Overbought)

📈 Volume: Significantly Increased, Strong Capital Involvement

1. Trend Judgment

Ethereum has strongly risen from the bottom around 1550 and is currently breaking through several resistance levels. The price has reached a new high recently, and the technical indicators show strong bullish momentum. This wave of rebound is fast and steep, indicating active capital inflow.

2. Key Technical Levels

🔺 Short-Term Resistance Levels:

1800: Psychological Round Number, Currently Approaching

1850~1880: Previous Dense Trading Area and Top of Fluctuation

2000: Medium-Term Key Resistance Area

🔻 Key Support Levels:

1740~1750: Previous Platform High

1680: Primary Support for Pullback

1600: Important Trend Support; if broken, it will end the rebound logic

3. RSI Momentum Indicator

Current RSI is 77.71, obviously entering the overbought zone

Indicates that the price has risen too quickly in the short term, with a risk of technical pullback

If RSI subsequently forms a top divergence (price makes a new high but RSI declines), one should be highly vigilant for a pullback.

4. Volume-Price Relationship

Increased volume in the rise is one of the biggest highlights of this rebound. The volume supports the price to continue rising, indicating that the bulls are not just testing the waters but are genuinely buying in. If the volume does not weaken subsequently, it may continue to challenge above 1850.

5. Trading Strategy Recommendations

✅ Bullish Perspective:

Current price is near 1800, not recommended to chase high

Consider buying on dips around 1740, with a stop loss set below 1680.

🚫 Short-Term Caution Signals:

RSI Overbought + Volume Not Sustaining

If a long upper shadow or significant volume stagnation appears at a high level, it is recommended to reduce positions or observe, waiting for confirmation of support before positioning.

6. Conclusion

ETH is performing extremely strongly in the short term, but the RSI overbought combined with the psychological round number pressure may lead to a consolidation phase. If it can stabilize in the 1750-1800 area in the medium term, it still has the potential to advance further towards 1900-2000.

📉 Short-Term Suggestion: Observe or wait for a pullback

📈 Medium-Term: Maintain a bullish perspective, focus on support retests

🧠 Summary: Ethereum has entered a “strong at high levels but not advisable to chase up” rhythm, and operations should pay more attention to rhythm and risk control.