📊 ETH Edges Higher — Can Buyers Break the $2,258.55 Resistance?
$ETH is trading near $2,256.09, up 0.55% in 24 hours, after moving between $2,219.83 and $2,258.55. Buyers are testing the upper end of this range, but a confirmed breakout is still needed. 🤝
A sustained move above $2,258.55 could open the way toward $2,294.61. If price gets rejected, the $2,236.55 support area is worth watching, followed by $2,228.41. 💎
RSI(6) is around 70.7, suggesting short-term momentum is getting stretched, while the longer RSI readings remain more moderate. The reported 72% probability of a December Fed rate hike may also influence market sentiment, so macro news is worth monitoring. Wait for a confirmed candle close and stronger volume before assuming the breakout will hold. 🚀
$ETH is trading near $2,256.09, up 0.55% in 24 hours, after moving between $2,219.83 and $2,258.55. Buyers are testing the upper end of this range, but a confirmed breakout is still needed. 🤝
A sustained move above $2,258.55 could open the way toward $2,294.61. If price gets rejected, the $2,236.55 support area is worth watching, followed by $2,228.41. 💎
RSI(6) is around 70.7, suggesting short-term momentum is getting stretched, while the longer RSI readings remain more moderate. The reported 72% probability of a December Fed rate hike may also influence market sentiment, so macro news is worth monitoring. Wait for a confirmed candle close and stronger volume before assuming the breakout will hold. 🚀