$ETH bulls are tightening their grip on the smart contract token, currently advancing the bullish leg above $3,000. The uptrend underscores the steady interest from both retail and institutional investors.
The $ETH RSI is overbought at 77 and continues to trend higher on the 12-hour chart, signaling bullish momentum. At the same time, traders could increase exposure, citing the Moving Average Convergence Divergence (MACD) indicator's buy signal, which has been maintained since June 24.
If the uptrend steadies and $ETH closes above $3,000, bulls will likely expand their scope to $3,500 and $4,000, which were previously tested as resistance levels in January and December.
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