$ETH

Price Trend ($ETH )

• $ETH has shown a strong upward movement, rising from around $1,537 to a peak of $1,818.18.

• The current price is around $1,798.30, slightly below the local resistance at $1,818.

2. Candlestick Pattern

• There are multiple large bullish candles, indicating strong buying pressure.

• A small candle has formed after the rally, which could suggest consolidation or a potential short-term reversal.

3. RSI (Relative Strength Index)

• RSI(6) is at 87.13, which is in the overbought zone.

• This signals a possible upcoming selling pressure or a short-term price correction.

4. Support and Resistance Levels

• Key supports: $1,708, $1,646, and $1,585.

• Immediate resistance: $1,818, followed by the psychological zones at $1,850 and $1,900.

5. Volume

• Volume data is not shown in detail in this chart, but such a price spike is typically accompanied by high volume, indicating strong market participation.

Conclusion & Potential Actions:

• Current trend is bullish, but RSI indicates a potential short-term pullback.

• A breakout and hold above $1,818 could lead toward $1,850 or higher.

• If a correction occurs, the $1,770–$1,708 area could serve as support for a potential bounce.