What’s Next for ETH Price?

The rising moving averages and the RSI being in the overbought zone suggest that the trend is still pointing upward. Buyers are likely aiming to push the ETH/USDT pair toward $4,900.

On the downside, the key support level to watch is EMA20 trend line. If the price falls and closes below this level, it could signal that traders are taking profits. In that case, ETH might drop further toward the $4,000 level.

As the RSI now hovers within the overbought zone at level 75, we might see a heated market sentiment. As a result, ETH price might soon trigger a downward correction to cool down the current sentiment.