#MarketRebound The ETH currency is experiencing a strong rise and has broken through the resistance of 1700 dollars!

The price is now at 1,816 dollars with a clear buying momentum. Here’s what you need to know:

Trend:

Clearly bullish after breaking a double bottom pattern.

Supports:

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

• 1,650 dollars (previous low)

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 is above → supports the continuation of the rise