$ETH Let's talk about ETH. It's neither rising nor falling!

Today I woke up thinking about how ETH/USDT would be, and looking at this chart, I see that nothing has changed.

The price shows a slightly optimistic bias for today, but some key points are observed.

With the price slightly above the 99-period exponential moving average (EMA99), it suggests a possible upward trend.

The RSI (Relative Strength Index) is at 68.62, close to the overbought zone, indicating that the asset may face resistance and experience some consolidation or correction.

The highest price in the last 24 hours was 1,841.49 USDT, while the lowest was 1,777.31 USDT and the trading volume was 4.90 million ETH, totaling 8.82 billion USDT.

Despite the upward trend, the fact that the RSI is near a high level may indicate that the price could face difficulties in continuing to rise and may undergo a slight correction before defining a clear direction.

ETH has an upward bias for today, but there are signs of resistance and possible stabilization in the short term. If the volume remains strong and the price breaks through nearby resistances, it could continue to rise. Otherwise, a correction may occur before a new trend forms.

In other words: Indefinite moment. The best thing to do is to be cautious. Do your own analysis before trading.

Have a great weekend everyone!