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A critical and Urgent analysis on $ETH

This is a 4-hour chart for $ETH /USDT on Binance

1. **Price Movement**: ETH is trading at ₹2538, with a noticeable upward momentum, reflecting a +0.67% gain. The price recently broke through resistance levels.

2. **Support and Resistance**: Key resistance at ₹2513 has been surpassed. The next resistances are ₹2483 and ₹2538, while support lies around ₹2462.

3. **Moving Averages**: Short-term and long-term moving averages are converging, indicating a potential trend change or continuation of upward momentum.

4. **RSI (Relative Strength Index)**: RSI is at 69.34, approaching the overbought zone. Be cautious of a potential pullback if this continues.

5. **Volume**: Decent buying volume suggests that the upward movement is supported by buyers.

Watch for consolidation or a correction after this strong move up.

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