Ethereum, Bulls Push Forward as Resistance Looms Ahead!

Ethereum is currently trading at $1868, with a 24-hour increase of 3.18%.
The RSI indicator stands at 72, indicating that the asset is approaching overbought conditions. The volume oscillator is showing an increase of 21.82%, which is a positive sign that buyers are entering the market. The MACD is +12.80, which is above the signal line, indicating a bullish trend.
The stochastic oscillator is at 94, which is close to the overbought range. The OBV is at 4.005M, indicating that buying pressure is stronger than selling pressure.
The hourly EMA 50 is currently at 1811, which is acting as a short-term support level.
When we look at the Fibonacci levels, we see that the current price is above the 1-hour timeframe 0.5 Fibonacci level at 1804, and the 1 Fibonacci level at 1840. The next resistance levels are the 1.618 Fibonacci level at 1884 and the upper Bollinger band at 1858.

The support levels can be identified using the lower Bollinger band at 1774 and the 1-hour timeframe 0 Fibonacci level at 1768.

Bullish scenario: If Ethereum breaks above the upper Bollinger band at 1858 and continues to trade above the 1 Fibonacci level at 1840, it may push towards the 1.618 Fibonacci level at 1884. If it breaks above the 1.618 Fibonacci level, the next resistance level is the 24h high at 1875.

Bearish scenario: If Ethereum fails to break above the upper Bollinger band at 1858, it may find support at the 1 Fibonacci level at 1840. If it breaks below this level, the next support level is the hourly EMA 50 at 1811. If it continues to trade below the EMA 50, it may move towards the lower Bollinger band at 1774 and the 1-hour timeframe 0 Fibonacci level at 1768.