Technical Analysis The Daily Chart On the daily

Technical Analysis

The Daily Chart

On the daily chart, ETH remains in a strong uptrend, holding well above both the 100 and 200-day moving averages, both located around the $2,500 mark. The recent breakout from the $2,800 zone has triggered a clean rally, with the price now trading around $3,660 after briefly touching $3,800.

The RSI peaked above 78, suggesting the move was heavily overbought, and it’s now beginning to cool down. A key level to watch is the $3,300 area, which acted as a breakout zone and could now serve as support if the price pulls back. As long as ETH holds above that level, the macro structure remains bullish.

However, the asset is stalling just below the $4,000 resistance, and the latest daily candles are showing upper wicks, indicating selling pressure. If the bulls fail to push past $3,800 with strength, we may see a deeper pullback into the $3,300 range, which would be a healthy retest before continuation. On the upside, the $4,107 previous highs remain the next major target, but a clean breakout and daily close above $3,800 is required to confirm the move.