📉 $ETH Defending $2,000! Is a Relief Rally Incoming? 🚀
Taking a look at the ETH/USDT 15-minute chart, the bulls are finally stepping up to defend the psychological $2,000 level. After a steep drop to a 24h low of **$1,983.82**, price has bounced back to $2,016.06.
📊 Chart Highlights:
· Moving Averages: The price is currently battling to hold above the short-term MAs (MA7 and MA25, both sitting around $2,010). A golden cross here on the lower timeframe would be a bullish signal.
· RSI (6): Currently at 58.81, showing recovering momentum without being overbought yet.
· The Big Hurdle: The purple MA99 at $2,046.21 is the major resistance to watch. We need a clean break and hold above this to confirm a trend reversal.
Could this be the local bottom for the short term? Keep an eye on the volume as we approach the 24h high of $2,093. 👀
Are you longing this bounce or waiting to short the resistance? Let me know below! 👇
Disclaimer: Not financial advice. Always DYOR.
#ETH #Ethereum #BinanceSquare #CryptoTA #Trading
$ETH
Taking a look at the ETH/USDT 15-minute chart, the bulls are finally stepping up to defend the psychological $2,000 level. After a steep drop to a 24h low of **$1,983.82**, price has bounced back to $2,016.06.
📊 Chart Highlights:
· Moving Averages: The price is currently battling to hold above the short-term MAs (MA7 and MA25, both sitting around $2,010). A golden cross here on the lower timeframe would be a bullish signal.
· RSI (6): Currently at 58.81, showing recovering momentum without being overbought yet.
· The Big Hurdle: The purple MA99 at $2,046.21 is the major resistance to watch. We need a clean break and hold above this to confirm a trend reversal.
Could this be the local bottom for the short term? Keep an eye on the volume as we approach the 24h high of $2,093. 👀
Are you longing this bounce or waiting to short the resistance? Let me know below! 👇
Disclaimer: Not financial advice. Always DYOR.
#ETH #Ethereum #BinanceSquare #CryptoTA #Trading
$ETH