Current Price: ETH is currently trading at 2055.24. The latest hourly close was at 2055.24.
Moving Averages: The 7-period EMA is at 2043.57,
slightly below the current price, while the 25-period EMA is at 2033.15, indicating short-term bullish momentum. The 99-period EMA stands significantly higher at 2096.97, suggesting a longer-term bearish trend.
Bollinger Bands: The price is within the Bollinger
Bands, with the middle band at 2047.72. The upper band is at 2094.19 and the lower band at 2001.24, showing current price hovering around the mid-range.
MACD: The MACD line is at 8.57 and the signal line is at 9.99, with a negative histogram of -1.41, indicating a slight bearish crossover recently.
RSI: The 6-period RSI is at 61.09, suggesting ETH is approaching overbought conditions on the 1-hour chart.
Key Levels
Potential Entry: A rebound could target 2094.19 (Bollinger Upper Band).
Immediate Support: Key support is observed near 2033.15 (25-period EMA).
Resistance Test: Further upward movement might test 2096.97 (99-period EMA), which acts as a significant resistance level.
Conclusion
ETH shows mixed signals on the 1-hour chart, with short-term bullish momentum challenged by a longer-term bearish trend and a recent MACD bearish crossover.