๐ ETH โ Taking a Breather After a Massive Run ๐
Ethereum surged to a fresh local high of $4,788, riding a strong uptrend before cooling off to $4,638 (-2.43%). Despite the pullback, ETH is still holding well above key support at $4,266.
๐ Technical Highlights:
โข Trend strength: Price remains above both the mid-Bollinger Band ($4,607) and long-term trendline.
โข RSI: Currently in the mid-50s โ momentum is cooling but far from overbought, signaling room for another push.
โข MACD: Bearish crossover, but histogram shows mild selling pressure โ no sign of a deep reversal yet.
โข Volume: Spike on recent high suggests strong trader interest.
โก Bullish Scenario: Holding above $4,266 could ignite a rally back toward $4,788 and possibly the $4,900โ$5,000 psychological zone.
โ ๏ธ Bearish Scenario: A break below $4,266 may open the door for a drop toward $3,940 support.
๐ ETHโs trend remains intact โ this pullback might just be the fuel for the next leg up.
#ETH #Ethereum #ETHUSDT #CryptoTrading
