#MarketRebound

1. Price Trend ($ETH)

Ethereum has experienced a significant upward move, climbing from approximately $1,537 to a high of $1,818.18. Its current price hovers around $1,798.30, just below the immediate resistance at $1,818.

2. Candlestick Pattern

Several large bullish candles highlight strong buying momentum. A small candle following the rally may indicate either consolidation or a short-term reversal.

3. RSI (Relative Strength Index)

The RSI (6) stands at 87.13, placing it firmly in overbought territory—this suggests potential selling pressure or a near-term price correction.

4. Support and Resistance Levels

Key support levels are found at $1,708, $1,646, and $1,585. Resistance is seen at $1,818, with further psychological barriers at $1,850 and $1,900.

5. Volume

While specific volume figures are not displayed, such a sharp price increase typically reflects high trading activity and strong market participation.

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