$ETH Breakout the Descending Trendline.
#Ethereum 's price broke above the descending trendline (formed by connecting multiple high levels since early January) on Thursday, leading to a 44% rally. On Saturday, it also broke above the 200-day Exponential Moving Average (EMA), which was around $2,427. As of Monday, Ethereum's price is hovering around $2,513.
If ETH manages to find support at its 200-day EMA and rebounds, the rally could continue and potentially extend to test the key psychological resistance level of $3,000.
