/USD rose to a high of $1,825.60 on Wednesday, which comes less than 24 hours after the price was below $1,700.
As a result of today’s rally, ethereum was able to briefly rise above a recent resistance point at the $1,820 level.Price has since retreated from this point, which comes after the RSI collided with a ceiling at the 58.00 mark. Although price strength is now tracking at 58.52, overall market momentum seems to be preparing for consolidation.
The 10-day moving average is now trending sideways, and should the RSI fall back below 58.00, chances of a downward cross with the 25-day MA will greatly increase.Tags in this story
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Move expected
🔎 Technicalanalysis of Ethereum and Bitcoin show promising signs for the future of crypto. What's your take on the current market trends?
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