#MarketRebound
The ETH currency is experiencing a strong rise and breaking the resistance level of $1700!
The current price is $1,816 with clear buying momentum. Here’s what you need to know:
Trend:
Clearly bullish after breaking a 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
• Moving averages 50 and 200: price is above them → supports continued rise
Advice:
Watch the level of $1,850 – if it is surpassed consistently, we may witness a new wave of rise.
