technickaAnalyza

Ethereum at a Crossroads: Breaking Resistance or Returning to Support?
> We are observing an interesting development on the ETH/USDC pair on Binance! According to the chart, the price is currently around the level of 1615.02. In recent hours, it seems that Ethereum is trying to break through a key resistance located near 1622.35.
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> If the bulls manage to overcome this level with sufficient volume (the current 24h volume is 344.48M USDC), we can expect further growth towards additional resistances. On the other hand, if the sellers prevail, the price could return to the nearest support located around 1610.70.
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> Technical indicators indicate a mixed picture. Bollinger Bands are narrowing, which often precedes increased volatility. The price is currently above the Bollinger midline (20, 2): UP 1620.86, MB 1616.76, DN 1612.44.
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> Also watch the RSI (6) indicator, which is at a level of 59.36. If it crosses above 70, it could indicate an overbought market. Conversely, a drop below 30 would signal an oversold condition.
What do you think? Will Ethereum break the resistance and continue to grow, or will it return to support? Share your thoughts and trading strategies in the comments! #ETH #Ethereum #kryptomeny #trading #technickaAnalyza