ETH has been on an upward trend recently, with the current price around $3,833. Both the 50-day moving average (yellow line) and the 200-day moving average (gray line) show support, and the price is running above these two moving averages, indicating that market sentiment is relatively optimistic.
At the same time, the RSI indicator shows relative strength. Although it is close to the overbought area, it has not reached extreme values, indicating that there may still be room for an increase. The OBV indicator shows that the volume is increasing, further supporting the possibility of price increases.
However, it is worth noting that the price encounters certain resistance near $3,849. If this resistance level can be effectively broken, it may continue to rise. Otherwise, there may be a pullback in the short term, with support at around $3,800.
In summary, ETH may continue to rise in the short term, but it is necessary to pay attention to the resistance level of $3,849 and the support level of $3,800, and operate with caution. $ETH