$ETH remains bullish in the short term, with potential to test higher resistance levels. However, traders should be cautious of overbought RSI and monitor for a pullback before entering new positions.
Trading Strategy
Bullish Continuation:
If the price breaks above $3,700 with strong volume, the next target is $3,750.
Potential Pullback:
Due to RSI overbought conditions, a correction to the $3,610-$3,568 range could provide a good re-entry point for long positions.
Support and Resistance Levels
Support Levels:
$3,610 (previous consolidation zone)
$3,568 (key swing low)
Resistance Levels:
$3,700 (psychological resistance, 24-hour high)
$3,750 (next potential upside level)
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