📊 General Context
Ethereum is rising in a strong short-term uptrend, supported by a rising trendline (orange).
Current price: 3831 USDT
We are approaching a significant resistance level around 3842–3850 USDT (green line).
Technical support is located around 3760 USDT (previous consolidation level and 50/200 SMA).
🔍 Technical Levels
Resistance:
3842–3850 USDT – local high, currently being tested.
4006 USDT – key psychological level and the last local high on the chart.
Support:
3762 USDT – previous resistance, currently turned into support (may be tested in a correction).
3650 USDT – strong technical support, confirmed several times in the past.
SMA50 and SMA200 – currently just below the price, also acting as dynamic support.
📈 Technical Indicators
MACD:
The histogram is rising and positive → bullish momentum.
The MACD line crosses the signal line from below → a buy signal.
RSI (14):
Currently: around 64 → not yet overbought, but close to the overbought zone.
Slightly rising trend, but may suggest impending market overheating with further gains.
🧭 Trend
Short-term: strong uptrend (trend line, green candles, breakout from consolidation).
Medium-term: higher lows and higher highs – the uptrend is maintained.
The price is holding above the 50 and 200 SMAs – confirming bullish sentiment.
⚠️ What to watch next?
A 4-hour candle close above 3842 USDT → confirmation of a breakout, a potential attack on 4000–4010 USDT.
A break of the trend line (orange) → a possible correction to 3760 or even 3650 USDT is possible.
An RSI rise above 70 → an overbought signal, a possible pullback or consolidation.
Ethereum is rising in a strong short-term uptrend, supported by a rising trendline (orange).
Current price: 3831 USDT
We are approaching a significant resistance level around 3842–3850 USDT (green line).
Technical support is located around 3760 USDT (previous consolidation level and 50/200 SMA).
🔍 Technical Levels
Resistance:
3842–3850 USDT – local high, currently being tested.
4006 USDT – key psychological level and the last local high on the chart.
Support:
3762 USDT – previous resistance, currently turned into support (may be tested in a correction).
3650 USDT – strong technical support, confirmed several times in the past.
SMA50 and SMA200 – currently just below the price, also acting as dynamic support.
📈 Technical Indicators
MACD:
The histogram is rising and positive → bullish momentum.
The MACD line crosses the signal line from below → a buy signal.
RSI (14):
Currently: around 64 → not yet overbought, but close to the overbought zone.
Slightly rising trend, but may suggest impending market overheating with further gains.
🧭 Trend
Short-term: strong uptrend (trend line, green candles, breakout from consolidation).
Medium-term: higher lows and higher highs – the uptrend is maintained.
The price is holding above the 50 and 200 SMAs – confirming bullish sentiment.
⚠️ What to watch next?
A 4-hour candle close above 3842 USDT → confirmation of a breakout, a potential attack on 4000–4010 USDT.
A break of the trend line (orange) → a possible correction to 3760 or even 3650 USDT is possible.
An RSI rise above 70 → an overbought signal, a possible pullback or consolidation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.