$ETH is on fire today, surging +8.23% to $4,638.89 and smashing through key resistance levels. Bulls are eyeing $4,900โ$5,000 if momentum holds.
๐ Why Itโs Bullish:
Price is flying above EMA(7), EMA(25), EMA(99) โ a textbook strong uptrend.
Next resistance at $4,759, breakout here could fuel the next leg up.
โ But Caution Ahead:
RSI at 86.87 = extremely overbought ๐จ
Stoch RSI at 94.52 โ pullback risk is sky-high.
Volume is 80% below average, meaning this rally could be running on fumes.
๐ก Pro Tradersโ Gameplan:
Best move? Buy dips near $4,300โ$4,350 with tight stops.
Only short if price rejects $4,656โ$4,760 with bearish candle signals.
๐ Bottom Line: Ethereum is bullish but overheated. Without a surge in trading volume, we could see a healthy correction before any big breakout.
#Ethereum #ETH #CryptoNews #ETHUSDT #CryptoTrading ๐๐ฅ