ETH: Analyst Eyes $3000 After Resistance Break
ETH trades at $2691.67 with MACD golden cross as @CryptoMichNL flags resistance break targeting $3000 on identical bullish structure.
SourceAnalysis
ETH mirrors the bullish structure flagged by @CryptoMichNL, where a clean break of resistance makes $3000 a matter of time.
Price sits at $2691.67 above the EMA50 support at $2676.87 and well clear of the EMA200 at $2533.31. The MACD golden cross at 0.12 keeps momentum bullish while RSI at 51.46 leaves room before overbought conditions. With price still inside the Bollinger Bands, the next logical test is the upper band resistance at $2720.11 before any measured retracement to the 50-EMA.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast