$ETH ETH experiences a strong rise and breaks the resistance level of 1700 dollars!
The price is now at 1,816 dollars with clear buying momentum. Here are the key points to know:
Trend:
Clearly bullish after breaking the double bottom pattern.
Supports:
• 1,720 dollars (strong support from the breakout)
• 1,650 dollars (previous bottom)
Upcoming resistances:
• 1,850 dollars
• 1,920 dollars
• Psychological target: 2,000 dollars
Technical indicators:
• RSI: at 69 → close to overbought
• MACD: positive crossover → strong momentum
• 50 and 200 moving averages: price above them → supports continued rise
Advice:
Watch the level of 1,850 – if it is surpassed firmly, we may witness a new wave of rise
#MarketRebound #BinanceAlphaAlert #CryptoMarketCapBackTo$3T