Crypto
ETH Bullish Chart Eyes $0.044 Breakout Ahead of Clarity Act Approval
According to CryptoMichNL's analysis of the ETH chart structure, the price remains bullish and is likely to move towards $0.044 once momentum accelerates following the Clarity Act approval.
The current price of ETH sits at $2437.24 inside a bullish trend defined by its EMA50 at $2165.55 and EMA200 at $1967.45.
However, with RSI(14) at 73.72 flashing overbought and MACD showing a death cross at 110.25, the market is testing upper Bollinger resistance near $2558.26 while lower band support rests at $2161.46.
A healthy retracement to the 50-EMA at $2165.55 appears probable before continuation, offering clarity for institutional desks watching the pair into regulatory catalysts.