Ethereum ($ETH
)
Ethereum is trying to regain its momentum, currently trading at $2,305.85 with steady gains of +0.81% 📈. As shown in the candlestick chart, buyers have started to step in after the price touched a 24-hour low of $2,256.27.
While the path remains open to reclaim the 24-hour high of $2,309.00 (as well as the local peak at $2,345.68), momentum is gradually shifting in favor of the buyers.
Technical indicators are heating up as well; the RSI has risen to 68.76, indicating strong buying pressure and that the market is nearing overbought territory. This kind of bullish movement is often watched by traders to spot short-term reversals or trend continuations.
The focus remains on current resistance levels, keeping an eye on any potential breakout that could trigger a new rally 🚀.#SchwabOpensCryptoAccounts
)
Ethereum is trying to regain its momentum, currently trading at $2,305.85 with steady gains of +0.81% 📈. As shown in the candlestick chart, buyers have started to step in after the price touched a 24-hour low of $2,256.27.
While the path remains open to reclaim the 24-hour high of $2,309.00 (as well as the local peak at $2,345.68), momentum is gradually shifting in favor of the buyers.
Technical indicators are heating up as well; the RSI has risen to 68.76, indicating strong buying pressure and that the market is nearing overbought territory. This kind of bullish movement is often watched by traders to spot short-term reversals or trend continuations.
The focus remains on current resistance levels, keeping an eye on any potential breakout that could trigger a new rally 🚀.#SchwabOpensCryptoAccounts