$ETH

The price of ETH is experiencing a strong rise and breaking the resistance level of $1,700!

The current price is $1,816 with clear buying momentum. Here’s what you need to know:

Trend:

Clearly bullish after breaking the double bottom pattern.

Supports:

• $1,720 (strong support from the breakout)

• $1,650 (previous bottom)

Upcoming resistances:

• $1,850

• $1,920

• Psychological target: $2,000

Technical indicators:

• RSI: at 69 → near overbought

• MACD: positive crossover → strong momentum

• 50 and 200 moving averages: price is above them → supports continued rise