Ethereum: Breaking Upwards After First Level Hit

Michaël van de Poppe notes that $ETH has hit the first level and is breaking upwards in a strong move, though confirmation of a bullish breakout remains absent while the build-up improves and markets sit at the optimal sweet spot to hold and turn back upwards.

At $2374.23, ETH tests the upper Bollinger Band resistance of $2375.29 with RSI(14) at 57.26 still neutral and MACD holding its bullish golden cross; price hugging the EMA50 at $2372.47 as concrete support while the EMA200 at $2474.41 caps the next extension suggests a brief consolidation inside the bands before continuation.