š ETH/USDT Daily Analysis ā Cooling Off After a Strong Run
Ethereum is currently trading at 4,227.27 USDT, down -0.59% on the day. After reaching a 24H high of 4,366.46, ETH is showing signs of short-term exhaustion, though the broader trend remains bullish.
š Trend & Structure:
- EMA(34): 3,576.05
- EMA(89): 3,070.68
- EMA(146): 2,871.85
- EMA(200): 2,802.90
ETH is trading well above all major EMAs, confirming a strong uptrend. The current pullback is minor and still within bullish structure.
š Momentum Indicators:
- MACD: Bullish (DIF 234.81 > DEA 202.47, MACD 32.35)
- RSI(6): 76.75 ā overbought zone
MACD shows continued momentum, but RSI above 76 suggests ETH may be due for a short-term pause or correction.
š§ Volume & Participation:
- Volume: 721.77M ā strong interest
- MA(5): 652.70M
- MA(10): 537.18M
Volume remains elevated, supporting the trend, but watch for signs of fading interest if price stalls.
š Key Levels:
- Resistance: 4,366.46
- Support: 4,166.77 ā 4,016.68 ā 3,607.84
ETH is consolidating below the recent high. A daily close above 4,366 could open the path to 4,500+. On the downside, 4,166 is the first support to monitor.
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āļø Summary:
- ā Bullish trend intact above EMAs
- ā ļø RSI signals overbought ā possible short-term pullback
- š Watch MACD and volume for continuation or reversal clues
Let price confirm your bias ā momentum is strong, but patience pays. šš„