TECHNICAL ANALYSIS – ETH/USDT: Breakout or Fakeout?
Ethereum is trading at $1,797.95, bouncing sharply from its recent low of $1,385 and pushing against the upper Bollinger Band (UP: 1,799). This signals expanding volatility and suggests a potential bullish continuation.
The RSI at 55.48 reflects strong buyer momentum without reaching overbought territory—perfect conditions for another leg up. Meanwhile, the MACD has crossed bullish, and increasing volume confirms this breakout is backed by real participation.
24-Hour Prediction:
A daily close above $1,800 with growing volume may send ETH toward $1,850–1,880.
But if ETH fails to hold $1,740, expect a retracement toward $1,680.
Everyone sees the green candle... but few understand the context.
This isn’t the time for emotion—it’s the time for strategy.
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