Chart analysis $ETH 1 hour frame June 1, 2024
Current price: $3,790
Volatility:
1 hour: +1.16%
24 hours: +1.39%
7 days: +0.28%
Trading volume: $135.39M
All-time high: $4,891.70
Short-term trend:
ETH price is in a short-term uptrend.
The price broke above the $3,800 resistance line and is aiming for the next target at $3,900.
However, the price may encounter some resistance at the $3,900-$4,000 zone.
Indicator:
RSI: 52.44 (Slightly overbought)
MACD: The MACD line and the signal line are crossing each other upward, showing that the uptrend is continuing.
Stochastic: The stochastic line is in the high zone, showing that the upward momentum is weakening.
Conclude:
ETH price may continue to rise in the short term, aiming for $3,900.
However, investors should be careful with the possibility of price correction in the $3,900-$4,000 area.
It is recommended to monitor technical indicators to confirm price trends.