ETH is catching up with the gains against BTC
After the inflow of positive information related to ETF, ETH overcomes the local downward trend line and moves upwards with dynamic movements.
After unfolding the Fib Retracment grid, you can see that the price has broken through the resistance at $2,537 and is currently heading towards another very strong resistance at $3,185.
Looking the other way, we see support at $2,248, and then we will mark the second one at $1,954.
On the RSI we see the third breakout of the hill, with room for a potential further move, while the STOCH indicator is above the upper limit, which may slow down the increase.
After unfolding the Fib Retracment grid, you can see that the price has broken through the resistance at $2,537 and is currently heading towards another very strong resistance at $3,185.
Looking the other way, we see support at $2,248, and then we will mark the second one at $1,954.
On the RSI we see the third breakout of the hill, with room for a potential further move, while the STOCH indicator is above the upper limit, which may slow down the increase.