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ETH has returned to 2000, up 7.5%.
Current price is 2114, a key breakthrough of the psychological level of 2000.
Next target is 2200, the February high.
Support levels are at 1950.
Technical signals:
RSI at 62, not yet overbought.
MACD shows a golden cross, momentum is picking up.
Volume is increasing on the rise, not fake.
Breaking above the Bollinger upper band indicates strength.
Key levels:
First resistance at 2150, an area of previous consolidation.
Main resistance at 2200, with a breakout targeting 2400.
Supports at 2000, 1950, 1850.
My judgment:
This breakout with volume and improving technical indicators suggests a good chance to reach 2200 after stabilizing above 2000 for a few days.
But be cautious, the 2150 to 2200 range has many trapped positions, so expect some fluctuations.
How high do you think it can go? Share in the comments.
#ETH #Ethereum