$ETH Technical Analysis: Signs of Caution, But Watch Closely ⚠️

Ethereum is currently trading at $1,770.89, down 0.17%, with a 24h range between $1,722.90 – $1,790.50. Let’s break it down:

1️⃣ Price Action & Moving Averages

ETH is hovering above the EMA(25) $1,764.34 and EMA(7) $1,765.27, indicating short-term strength. However, the EMA(99) $1,723.37 and EMA(200) $1,682.60 suggest longer-term support lies deeper. The recent bounce off the 1,722.90 low shows buyers are defending key levels.

2️⃣ Momentum Indicators

🧩RSI(6) sits at 59.68 — bullish-neutral, close to overbought.

🧩Stoch RSI: 77.48, showing possible cooling soon.

🧩MACD just turned positive (0.96), signaling a potential bullish momentum shift.

3️⃣ Money Flow & Order Analysis

🪙Total Sell Volume: 501,787 ETH

💰Total Buy Volume: 474,415 ETH

🔖Net outflow: -27,372 ETH

This imbalance signals short-term bearish pressure, especially with large sell orders outweighing buys.

4️⃣ Big Picture Flow

In the past 24h, ETH saw -21,233 ETH in large sell outflows, a significant dump compared to the big green bar 2 days ago (+87,796 ETH). Momentum is slipping from institutional hands, hinting at a cautious phase.

Conclusion:

While short-term momentum looks mildly bullish, the larger volume flow paints a cautious picture. ETH needs to reclaim $1,800+ with strong buy inflows to sustain a breakout. Keep your eyes on money flow trends and the MACD crossover.

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