Technical Analysis based on the chart (1D)
Current price: $1,809.26
EMA (Exponential Moving Averages):
📉 EMA(7) = 1,760.90
📉 EMA(25) = 1,728.49
📉 EMA(99) = 2,173.63
Conclusion:
The price is trading above EMA(7) and EMA(25), indicating a local bullish momentum. However, EMA(99) remains much higher, meaning the global trend is still bearish.
RSI(6) = 71.43
😀 Right at the overbought zone (>70). A pullback or consolidation is possible.
Stochastic RSI = 96.29
⚠️ Extremely overbought — a short-term correction is likely.
Williams %R(14) = -15.06
📉 Almost in the extreme overbought zone (closer to 0%).
MACD:
😀 DIF = -5.85
😀 DEA = -47.23
😀 MACD = 41.38
MACD lines have crossed upward + the histogram is positive, confirming a bullish impulse starting.
OBV (On-Balance Volume) = -6,361,306.36
📉 Volume doesn’t show a strong inflow of liquidity yet — the rise is happening on relatively weak volume.
Asset State Evaluation:
Ethereum has entered a local rebound phase after a long downtrend. Overbought indicators suggest a possible small pullback in the coming hours/days.
Globally the trend is still weak (EMA(99) far above), but short-term sentiment is bullish.
Potential Entry Points:
Long:
After a local pullback to support zones:
🔑 First long zone: $1,780 – $1,760 (around EMA(7))
🔑 Safer long: $1,740 – $1,730 (EMA(25) zone)
Short:
🚨 Aggressive shorting right now is risky.
Short scenario — if the price fails to hold above $1,800 – $1,820 and starts falling:
🔑 Break below EMA(7) + MACD bearish crossover — a signal for short entry.
Potential Profit-Taking Targets:
For a long:
😀 $1,857 — local 24h high
😀 $1,950 — next strong resistance level
😀 $2,170 — EMA(99), very strong resistance (maximum target for current trend)
For a short:
📉 $1,760 — EMA(7) support
📉 $1,730 — EMA(25) support
📉 $1,385 — previous major low, strong daily support
Brief Summary:
Trend: Locally bullish, globally still bearish.
Risks: High overbought conditions — correction risk is elevated.
What to do: Watch for pullbacks to support zones for possible longs. Shorts only after a clear breakdown confirmation.
$ETH 👇👇👇
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