Ethereum surged nearly +9% in the last 24h, jumping from lows of $4,204 to a peak of $4,668, now holding strong at $4,647. The breakout pushed ETH well above key EMA levels, signaling strong bullish momentum. However, RSI and StochRSI indicate the market is entering the overbought zone, raising the risk of short-term pullback before continuation.
๐ Technical Snapshot:
EMA(7) = $4,437 > EMA(25) = $4,331 > EMA(99) = $4,303 โ Strong bullish alignment
RSI(6) = 88.5 โ Extremely overbought zone
StochRSI = 82.8 โ High risk of short-term cooling
MACD still positive โ Trend remains intact
Levels to Watch:
Support: $4,580 โ $4,600 zone
Major support: $4,430 โ $4,450 zone
Resistance: $4,670 โ $4,700 zone
๐ก Strategy Idea:
Avoid chasing highs โ wait for a dip to support before entry.
Buy zone: $4,580โ$4,600 (first support), or deeper near $4,430โ$4,450.
Short-term target: $4,700+
Mid-term target: $4,800โ$4,850
Stop loss: $4,390
๐ Bias: Bullish but overbought. ETH looks strong for continuation, but consolidation is likely before another breakout attempt.
โ ๏ธ DYOR โ Crypto markets are highly volatile.