📊 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.
