ETHUSD has been strengthening its upside momentum over the last few sessions after the bounce off the 19-month low of 80. The price rose above the bullish cross of the 20-simple moving average (SMA) and the 40-SMA in the 4-hour chart. From the technical point of view, the indicators are moving higher with the RSI standing in the overbought area and the MACD oscillator holds above its trigger and zero lines. In case of a jump above the 106 significant resistance level, this would open the way towards [..]
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