Ethereum (ETH) is currently trading at $2,086.77, showing a 3.59% increase over the last 24 hours. The daily range of $109.50 highlights significant volatility, with a high of $2,090.87 and a low of $1,981.37, indicating strong trading activity.

The volume stands at approximately $12.28 billion, representing 4.88% of the market cap, suggesting healthy liquidity. Moving averages indicate a bullish trend, with the 8 SMA at $2,001.53 and the 13 SMA at $1,999.54, both showing increases of over 4%, supporting upward momentum.

The 1-hour RSI is at 72, indicating a potential overbought condition, while the 7-day RSI at 58 suggests room for further gains without immediate risk of reversal. Notably, the 7-day price change of 9.77% reflects a recent upward trend, contrasting with a significant 30-day decline of 22.44%, emphasizing the recent recovery.

In terms of long-term performance, ETH's all-time high of $4,878.26 remains significantly above the current price, suggesting substantial upside potential. However, the recent price fluctuations and RSI readings indicate caution in the short term due to potential overbought conditions.

Given the current bullish indicators, alongside strong support from moving averages and recent positive price action, I recommend a Buy rating for ETH. Traders should monitor for signs of reversal as the RSI approaches critical levels but can capitalize on the current momentum for short- to mid-term gains.