💡 Quick Technical Analysis:
✅ Notable bullish rebound! After dropping to $1,537.26, ETH has strongly rebounded to $1,873.17, reflecting increasing buying interest.
✅ RSI at 61.60 – still far from the overbought zone (70), which means there is room for further upside!
✅ Positive crossover in MACD – the MACD indicator shows the beginning of bullish momentum, with a potential crossover that could push the price towards new resistances!
✅ Good consolidation above MA(5) and MA(10) – a sign of continued bullish momentum in the short term.
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🚀 Expected scenario:
If resistance at $1,873.17 is successfully broken, we could see a quick surge towards $1,900 and then $1,950!
In case of a pullback, the $1,843 - $1,813 area could form a strong support for a rebound.
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🔥 Is ETH preparing for a new breakout?!
With increasing interest in the network upgrade and the expansion of Ethereum's uses in Web3 and DeFi, this could just be the beginning of a larger bullish move. The market is watching – will you be one of the early passengers?
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Quick Tips:
1. Don't enter a trade without a stop loss – protect your capital!
2. Follow momentum indicators like RSI and MACD to confirm the movement.
3. Control your emotions – patience and sticking to the plan are the key to success!
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📢 Share your opinion! Do you expect to see ETH above $1,900 in the coming days? 🚀👇