Technical & Sentiment Check
So, here’s the deal with $ETH . We just saw a little pullback from a high of around $4,788 down to about $4,603. Even with that dip, the technicals are still looking pretty solid for the bulls.
The 5-period EMA ($4,607) is holding strong above the 10-period EMA ($4,470), which is a clear sign of a bullish trend in the short term.
My RSI is hanging out near 70, and the StochRSI is well over 92. This screams overbought, so don’t be surprised if we see a little breather or a cool-off period soon.
On the momentum front, the MACD is still bullish, with the DIF sitting above the DEA.
ETH recently smashed a four-year high, thanks in part to those massive ETF inflows on August 12. Some analysts are even eyeing $5,241 as a potential target based on valuation metrics.
Key Price Zones to Watch
Keep a close eye on these levels.
Support:
Our main support is the $4,550–$4,600 zone. This is right where the EMAs and the recent dip levels are.
If that level breaks, look for the next support at $4,500.
Resistance / Upside Targets:
The immediate challenge is to break through the $4,650–$4,700 range.
If we get a strong move, the next targets are $4,800 and then potentially the big one at $5,241.
My Strategy & Tactical Notes (Not Financial Advice!)
Here’s how I’m thinking about this.
Instead of chasing the price, I'm thinking about scaling in on a pullback, maybe somewhere in that $4,550–$4,600 range.
I'll be looking for big, green candles with high volume to confirm any breakout. That’s the kind of signal that tells me a move is for real.
That overbought signal from the RSI and StochRSI is a big red flag. A pause or a minor pullback is probably coming before the next leg up.
To manage my risk, I'll be using tight stop-losses just below that main support, maybe below $4,550, to protect against any sudden reversals.
My Summary: ETH/USD for the Next 12 Hours
Overall, I'd say ETH is in a cautiously bullish position for the short term. The momentum indicators and EMAs are pointing up, but those overbought signals are a clear warning to expect some consolidation or a small pullback. The $4,550–$4,600 support is the key. If it holds, I think a move toward $4,700 or even $4,800 is on the cards. But if we drop below that, we could be looking at a temporary retrace back to $4,500.
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