$ETH

Ethereum (ETH) 1H Technical Analysis

Current Price: $1,818.25

24H Range: $1,778.94 – $1,841.16

Change: +1.72%

Trend Overview:

ETH is currently trading above the key moving averages (MA7, MA25, and MA99), indicating a bullish short-term momentum. The price action shows a healthy pattern of higher lows, suggesting buyers are stepping in at every dip.

Indicators:

RSI (Relative Strength Index): Currently around 71, indicating that ETH is approaching the overbought zone. However, it's not extremely high yet, so more upside is still possible before a correction.

MACD (Moving Average Convergence Divergence): MACD line is above the signal line, supporting the bullish bias, but the momentum looks moderate.

Volume: Trading volume is consistent with recent price rises, giving strength to the current upward movement.

Key Levels:

Resistance: $1,841 (local high) — A breakout above this level could open the door toward $1,860 - $1,880 next.

Support: $1,800 (psychological level) and $1,784 (MA99) — Critical to hold for bulls to maintain control.

Summary:

Ethereum is showing strong bullish momentum on the 1-hour chart, supported by moving averages and technical indicators. A break above $1,841 with increased volume could trigger another wave up. However, traders should be cautious of a potential RSI-based pullback if the rally extends too quickly.

What's your target for ETH this weekend?

Let’s discuss in the comments!

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