$ETH
ETH/USDT Technical Analysis: Key Levels in Focus
As of April 23, ETH/USDT closed at 1,792.90, marking a +2.09% gain with strong volume (886k ETH / $1.59B).
The price action shows resilience, trading above the open (1,756.25) and testing the 24h high (1,834.86).
However, technical indicators present mixed signals. The RSI at 75.98 flags overbought conditions, suggesting a potential short-term correction.
The MACD histogram (36.59) remains bullish, indicating upward momentum as the MACD line diverges above the signal line.
The KDJ’s J-line (87.67) also reflects overextension, aligning with RSI warnings.
Key resistance sits near the 24h high of 1,834.86, while support lies at the 24h low (1,744.95).
Given the bullish close and high volume, ETH may attempt to retest resistance if buying pressure persists. However, overbought signals and profit-taking risks could trigger a pullback toward 1,750–1,770 before renewed upside.
Traders should monitor these levels closely. Short-term bias: Neutral-to-bearish correction, but overall bullish structure remains intact if support holds. Adjust risk management accordingly.
*Always trade responsibly.*
