$ETH

The bulls are back with a vengeance! Is it time to take off?

The ETH/USDT shows encouraging technical signals in the 1-hour timeframe, as we see a strong rebound from the $2476 area, with the price currently at $2603, up by +1.20% over the past 24 hours!

Important points from the technical analysis:

MACD shows a clear positive crossover, supporting the upward trend.

RSI at 54.76: has not yet entered the overbought zone, indicating room for further rise.

KDJ indicator is giving positive crossover signals near 55, enhancing the chances of a price explosion.

Next resistance level: $2673 - if broken, we head towards $2738!

Strong support: $2504 - considered a safety barrier in case of any correction.