$ETH

WARNING: Price forecast for Ether!📝📊📄📈😎🤔

The ETH relief rally is facing resistance at the 50-day SMA (Simple Moving Average), which is at $1,812, but a positive sign is that the bulls have not allowed the price to drop below the 20-day EMA (Exponential Moving Average), which is at $1,696.

The 20-day EMA is stable, but the RSI has jumped into the positive zone, signaling a slight advantage for the bulls. If the 50-day SMA is broken, the ETH/USDT pair could reach the breakout level of $2,111. Bears may pose a strong challenge at $2,111, but if the bulls surpass this level, the pair could soar to $2,550.

Sellers likely have other plans. They will try to pull the price below the 20-day EMA. If they succeed, the pair could drop to $1,537.