$ETH ETH ANALYSIS

The current price is trading around 43k

Support zone nearby: 41,200,000

Resistance zone: 44,600,000

- ETH on the 6h timeframe has many red candles with large volume indicating that the selling side is participating.

- The MA 7 line is above the MA 34 line indicating that buying pressure is unable to push higher.

- The RSI 14 index indicates overbought conditions.

- Observation: regarding the daily candle strength, the daily trend is weakening compared to yesterday; if the price continues to push through the nearest resistance zone of 44,600, the price could be pushed up, and conversely, if it does not break through, the price may decrease back to the nearby support zone of 41,200.

Note: the above observation is a personal assessment and not investment advice.