"ETH/USDT 1H: Sideways with an Eye on the 200 Moving Average"
ETH is now in a consolidation phase, sideways movements. The 200 MM is just above it, ETHUSDT often gravitates towards the 200 MM, so there is a possible upward movement in search of the 200 MM, the MACD intensifies the probability of an increase since it shows a bullish crossover, on the other hand the RSI is in an overbought condition, signaling a possible exhaustion of buying forces.
Let's see how everything will unfold!
If ETH breaks the resistance of $2436, it will go in search of the 200 MM at $2475. Now if it goes in a bearish direction and breaks $2387, then it only stops at 2352.
Bigger movements are expected at the opening of NASDAQ futures at the end of the day!
Let's see how everything will unfold!
If ETH breaks the resistance of $2436, it will go in search of the 200 MM at $2475. Now if it goes in a bearish direction and breaks $2387, then it only stops at 2352.
Bigger movements are expected at the opening of NASDAQ futures at the end of the day!
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