ETH/USDT Analysis

Pair: ETH/USDT

Current Price: $1,768.75

24H Change: -3.25%

RSI(6): 40.81 – Near Oversold

Support Level: $1,731.70

Resistance Levels: $1,798.21 (MA25), $1,800.90 (MA99)

Prediction:

ETH has just bounced off the $1,731.70 support with a noticeable wick indicating buyer interest. With RSI nearing oversold territory and price below major moving averages, a short-term rebound toward $1,798 is possible. However, failure to hold above $1,760 could trigger a retest of $1,730 or lower.

Outlook: Cautious Bullish Short-Term

Strategy: Wait for confirmation candle above $1,770 or look for RSI divergence near support.

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