📈 Technical Analysis — ETH/USDT (1h)
Ethereum surges +5.45% and reaches $3,288.42, with a strong breakout candle that pushed the price to a high of $3,303.50.
📊 Trend:
Explosive rise after lateral consolidation. Clean breakout from the $3,160 region with high volume suggests strong institutional entry.
📈 Technical Indicators:
• RSI(6): 88.36 — extremely overbought.
• RSI(12): 78.59 — also elevated.
• May indicate a correction or brief lateralization.
📉 Moving Averages:
• MA(7): $3,161.81
• MA(25): $3,129.65
• MA(99): $3,079.39
All three moving averages are tilted upwards, aligned with the bullish trend.
📌 Key Points:
• Immediate resistance: $3,303.50
• Support: region between $3,160 and $3,130 (close to short-term averages)
• If it breaks $3,303 with strength, the next target could be $3,350
🎯 Summary:
ETH confirmed breakout with strong volume and a clear upward trend. RSI warns of a possible short-term correction. Ideal for those already positioned to take partial profits. New entry only with a technical pullback to the support zone.
⏳ Suggested Strategy:
Wait for a pullback or consolidation before new purchases. Focus on profit protection.
@Ethereum World News #Ethereum
