Ethereum ($ETH) Price Analysis

1. Price Movement

$ETH has been on a solid uptrend, surging from around $1,537 to a high of $1,818.18.

It's currently trading near $1,798.30 — just under a key resistance level at $1,818.

2. Candlestick Analysis

Several strong bullish candles point to heavy buying interest.

However, a small candle forming after the rally might signal a consolidation phase or a potential short-term pullback.

3. RSI (Relative Strength Index)

RSI(6) is sitting at 87.13, well into the overbought territory.

This could be a sign that a temporary correction or some selling pressure is on the horizon.

4. Key Levels

Support: $1,708, $1,646, and $1,585

Resistance: Immediate resistance at $1,818, with psychological barriers at $1,850 and $1,900

5. Volume

While detailed volume isn’t shown, such a sharp price increase is typically backed by high trading volume, indicating strong participation.

Conclusion & Strategy

The overall trend remains bullish, but the elevated RSI hints at a possible short-term dip.

A clear breakout and sustained move above $1,818 could open the path to $1,850 or beyond.

On a pullback, watch the $1,770–$1,708 range for potential support and bounce opportunities.$ETH