$ETH Technical Analysis – $ETH (4H Chart)

1. Price Action:

Current price: $1,773.28

Recent high: $1,834.60

Recent low: $1,385.05

$ETH has experienced a strong upward movement from around $1,385 to $1,834, suggesting a bullish breakout.

Currently, the price is consolidating in a sideways range after reaching the local high, which might indicate a pause before the next move.

2. Support and Resistance Levels:

Immediate resistance: ~$1,834.60 (recent high)

Immediate support: ~$1,659.43 (previous range high)

Next key support: ~$1,560.48

Consolidation is occurring between ~$1,659 and ~$1,834

3. RSI (Relative Strength Index):

RSI (6): 61.59

Indicates slightly bullish momentum but not overbought—suggesting room for further upside.

If RSI rises above 70, a correction or pullback might be expected.

4. Trend & Sentiment: