ETH Breaks Key Resistance, Bullish Trend Continues!

ETH has recently rebounded strongly, successfully breaking through the key level of $1800, and is currently holding above $1815 with a strong momentum.

From a technical perspective, after breaking the resistance at $1780 on the daily chart, the MACD has a golden cross upward, and the RSI is at 55, indicating there is still room for upward movement, with a short-term target looking towards $1850-$1920.

The 4-hour chart shows a stepwise rise, with higher lows continuously being established, and bulls are in control. Key support to watch is between $1750-$1780; if broken, a pullback to $1700 may occur.

On-chain data is positive: whales continue to accumulate, exchange reserves are decreasing, funding rates are returning to rational levels, and there has been no excessive FOMO in the market. If $1850 faces resistance, it may enter a consolidation range of $1750-$1850; however, if it holds above $18150, further upward movement is expected. $ETH #美国稳定币法案