ETH Afternoon Analysis


Resistance Level: 1714
Strong Resistance: 1745
Support Level: 1652
Strong Support: 1602
The one-hour price is above the middle band line without breaking the upper band. The Bollinger Bands are narrowing, corresponding to prices 1705, 1684, 1663.
The four-hour price is above the middle band line without breaking the upper band. The Bollinger Bands are expanding upward, corresponding to prices 1735, 1630, 1525.
MA Moving Averages: The four-hour price is above the MA5. MA5 and MA10 are nearly parallel.
The one-hour price is above the MA5, which is turning upward.
MACD: The one-hour line is above the zero axis, with two lines nearly parallel. Bearish momentum is decreasing.
The four-hour line is below the zero axis, with two lines forming a golden cross and moving upward. Bullish momentum is decreasing.
RSI: The four-hour RSI is in the overbought stage at 93–94, indicating a slight rebound in price.
The one-hour RSI is in the normal trading range at 39–54.
Summary: Consolidation after an upward move. $ETH
ETH-2.46%
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