technical analysis on Ethereum:
Ethereum's price has broken out above the $2,200 resistance level, sparking a bullish rally across the altcoin market.
Technical Indicators:
1. Moving Averages The 50-day MA ($1,800) and 200-day MA ($1,200) are both trending upwards, indicating a strong bullish trend.
2. *Relative Strength Index (RSI)*: The RSI (14) is at 70, indicating that Ethereum is approaching overbought territory.
3. Bollinger Bands: The price is trading above the upper Bollinger Band ($2,200), indicating a strong bullish breakout.
*Day 2: Ethereum Consolidates Above $2,200*
Ethereum's price has consolidated above the $2,200 level, with a slight pullback to $2,100.
*Technical Indicators:*
1. *Moving Averages*: The 50-day MA ($1,900) and 200-day MA ($1,300) continue to trend
Ethereum's price
*Technical Indicators:*
1. *Moving Averages*: The 50-day MA ($1,900) and 200-day MA ($1,300) continue to trend upwards.
2. *Relative Strength Index (RSI)*: The RSI (14) has pulled back to 60, indicating a slight decrease in buying pressure.
3. *Bollinger Bands*: The price is still trading above the upper Bollinger Band ($2,300), indicating a strong
