Moment of truth
Ethereum is having trouble passing the downtrend line resistance.
However, once again, it tries to break it. The more it touches the line, the more likely it is to break it.
This time, MACD has the right structure to support that breakthrough.
RSI is in the overbought zone which is not great.
The EMA 200 and 300 are lining in a bullish pattern after a long time.
I will wait for today to see where it will close today to get a clearer picture.
However, once again, it tries to break it. The more it touches the line, the more likely it is to break it.
This time, MACD has the right structure to support that breakthrough.
RSI is in the overbought zone which is not great.
The EMA 200 and 300 are lining in a bullish pattern after a long time.
I will wait for today to see where it will close today to get a clearer picture.
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