$ETH
Technical Analysis of ETH/USDT – Are We Waiting for New Highs?
Current Price: 1,987.30
Daily Increase Percentage: +8.74%
Price Range Over 24 Hours: From 1,787.01 to 1,995.99
Analytical View:
Strong Rise: From 1,385.05 to 1,995.99, the currency has made a strong upward leap in the past few days.
Trading Above Moving Averages:
EMA7 = 1,857.22, EMA25 = 1,792.87, EMA99 = 2,105.59. Prices are currently trading above all averages, indicating strong upward momentum.
Closing above 1,950 is an additional signal of the possibility of continuing the upward trend.
RSI at 86.31: This number indicates strong overbought conditions, suggesting a likelihood of a near-term correction before continuing the rise.
MACD is strongly positive, with a clear upward crossover in the lines, reinforcing the positive momentum.
Proposed Strategy: "Take Advantage of Potential Correction"
Conditional Entry: If the price continues to hold above 1,950 with RSI stabilizing.
First Target: 2,050
Second Target: 2,100
Stop Loss: In case of a strong correction and breaking below 1,850.
Important Note
Due to the strength of overbought conditions, it is preferable to wait for confirmation of consolidation or a correction to re-enter at better levels.