$ETH

📈 Price Action and EMAs (Exponential Moving Averages):

• EMA(14): 2,457

• EMA(35): 2,461

• EMA(50): 2,428

• EMA(100): 2,378

• EMA(200): 2,468

👉 The current price is around 2,499, which is above all major EMAs, both short and long-term. This generally indicates a bullish outlook.

🔹 The EMAs are clustered closely together and moving sideways, signaling a consolidation phase that may precede a breakout.

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📊 RSI (Relative Strength Index):

• RSI(6): 61.94

• RSI(12): 52.68

• RSI(24): 52.54

👉 RSI(6) is approaching the overbought zone, while RSI(12) and RSI(24) remain in neutral territory around 50. This suggests some upward pressure, but not a strong buy signal yet.

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📉 Williams %R:

• Value: -23.37

👉 This is nearing the overbought zone (anything above -20). This shows strong momentum but also warns of a potential short-term pullback.

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🧠 Support and Resistance Levels:

• Support: 2,295 - 2,375 region (EMA cluster)

• Resistance: 2,624 and the previous peak at 2,879

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📌 Summary:

✅ Bullish Indicators:

• Price is above key EMAs

• RSI shows upward momentum

• Williams %R indicates strong buying interest

⚠️ Caution Points:

• EMAs are tight and flat → A breakout is likely coming

• Near overbought zones → A short-term correction is possible

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📍 General Outlook:

ETH/USDT currently shows a mildly bullish to neutral trend. Traders should watch for a strong close above 2,500 and EMA 200, which could open the way to 2,624–2,879 range.