ETH: Consolidation Before New ATH
ETH at $2436.18 eyes consolidation near current levels before new ATH, with RSI at 73.5 and upper Bollinger resistance at $2558.12.
SourceAnalysis
ETH faces a consolidation phase near $2436.18 before any push past $3000, according to @CryptoMichNL, who expects a sweep of lows followed by a grind higher to a new all-time high.
Price action shows ETH trading inside Bollinger Bands with upper resistance at $2558.12 while RSI(14) sits at 73.5 in overbought territory, creating confluence for a retracement toward the EMA50 support at $2165.51 before continuation in the broader bullish structure above the EMA200 at $1967.44.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast