$ETH shows a cautious upward trend; where the 5-period Exponential Moving Average (EMA5) at around $4,607 is ahead of the EMA10 at $4,470, indicating a positive trend structure.
However, the RSI is close to 70 and StochRSI is above 92, indicating the likelihood of a correction or continued short-term consolidation.
The positive momentum signal from the MACD supports the continuation of upward pressure.
Critical points:
Major Support: Between $4,550 – $4,600
Secondary Support at $4,500
Immediate Resistance: $4,650 – $4,700
If the price exceeds, it may head towards $4,800 and possibly $5,241 if strong momentum continues.