“ETH surpasses 4,200$ – Is this the beginning of a new bull run?”
🚀 ETH – Will it conquer 4.800$ in September?
Current price: 4,260 USDT
1. RSI (14)
RSI is at 67.69 → approaching the overbought zone (70).
This indicates a strong upward momentum, but there is a risk of a short-term correction if the RSI exceeds 70.
2. MACD (12-26)
MACD line (435) is well above the Signal line (205), green histogram extends → very strong upward trend, momentum remains.
3. Volume
Volume in the last 2 weeks has significantly increased compared to the period from April to June → confirming large capital flow returning to ETH.
4. Important zones
Strong resistance: 4,500 – 4,800 USDT (previous peak in 2021).
Nearby support: 3,800 – 4,000 USDT (previous accumulation zone just breakout).
📌 Analysis & Strategy
Main trend: UP (Bullish), ETH is heading towards the historical peak around 4,800 USDT.
Short term: may experience fluctuations at 4,400 – 4,500 USDT before testing 4,800 USDT.
If it breaks through 4,800 USDT with high volume → next target 5,500 – 6,000 USDT.
If it cannot surpass → possibility of a correction to 3,800 – 4,000 USDT before bouncing back.
👉 Suggested strategy:
Prioritize long positions around 4,200 – 4,300 USDT, short-term TP 4,800 USDT, SL below 3,800 USDT.
Do not short at this time, unless there is a strong reversal candle in the 4,800 USDT zone.
🚀 ETH – Will it conquer 4.800$ in September?
Current price: 4,260 USDT
1. RSI (14)
RSI is at 67.69 → approaching the overbought zone (70).
This indicates a strong upward momentum, but there is a risk of a short-term correction if the RSI exceeds 70.
2. MACD (12-26)
MACD line (435) is well above the Signal line (205), green histogram extends → very strong upward trend, momentum remains.
3. Volume
Volume in the last 2 weeks has significantly increased compared to the period from April to June → confirming large capital flow returning to ETH.
4. Important zones
Strong resistance: 4,500 – 4,800 USDT (previous peak in 2021).
Nearby support: 3,800 – 4,000 USDT (previous accumulation zone just breakout).
📌 Analysis & Strategy
Main trend: UP (Bullish), ETH is heading towards the historical peak around 4,800 USDT.
Short term: may experience fluctuations at 4,400 – 4,500 USDT before testing 4,800 USDT.
If it breaks through 4,800 USDT with high volume → next target 5,500 – 6,000 USDT.
If it cannot surpass → possibility of a correction to 3,800 – 4,000 USDT before bouncing back.
👉 Suggested strategy:
Prioritize long positions around 4,200 – 4,300 USDT, short-term TP 4,800 USDT, SL below 3,800 USDT.
Do not short at this time, unless there is a strong reversal candle in the 4,800 USDT zone.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
4,727.98
-2.17%
