$ETH Short-Term Momentum: Indicators like the Relative Strength Index (RSI) have recently been noted in the Overbought zone (above 70), often signaling a potential short-term pullback or consolidation. However, the MACD (Moving Average Convergence Divergence) and some Moving Averages (MAs) are signaling Buy/Strong Buy, suggesting underlying bullish momentum is present.
Key Price Levels:
Immediate Support: Around $3,489 and a stronger support near $3,300 - $3,287.
Immediate Resistance: Around $3,607 and then the $3,935 level, which some analysts point to as a key breakout zone to confirm a renewed uptrend.
ETH
2,111.87
+1.59%
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