Market analysis and trading suggestion of $ETH
Market Direction
-Short-term Bullish: The price is currently at 1,818.50, showing a +1.37% increase with strong momentum.
Key Indicators:
RSI(7) at 75.84 (overbought zone, caution needed).
MACD is positive (0.70), with DIF above DEA, supporting upward momentum.
EMA(9) > EMA(21) > EMA(50)** – Confirms short-term bullish trend.
Pivot Levels: Resistance at R1 (1829.71), Support at S1 (1744.61).
When to Execute Trade
Buy Entry:
If price retests EMA(9) ~1,812.95 or Pivot (P) ~1,780.70 with volume confirmation.
Target R1 (1829.71) or higher if momentum holds.
Sell/Caution Signal:
If RSI remains overbought (above 70) and price rejects R1 (1829.71).
Stop-loss below S1 (1744.61) for risk management.
Timeframe
-15m–1H: Watch for pullbacks or breakout above R1.
4H–1D: Stronger confirmation needed for sustained trend.