Crypto
ETH Upward Breakout Imminent, Says CryptoMichNL
According to CryptoMichNL, Ethereum's price is poised for an upward break. Over the past six months, ETH has respected the EMA50 at $1896.23 as dynamic support while the EMA200 at $1839.9 has anchored the broader bullish trend.
The current 4h structure favors continuation once volatility contracts inside the Bollinger bands. The MACD(12,26) has printed a golden cross at 10.31, indicating a potential shift in momentum.
Risk management is still necessary, as the RSI(14) stands at 60.07, leaving room before overbought territory. A brief pullback would likely find bids at the 50-EMA before the next leg higher.