#ETHUSDT Daily Chart
Price broke major resistance level at $2,870 and is still heading up. Although, RSI is overbought and we see a clear pullback when price tried to reash the daily supply zone. MACD is still bullish and price is trading above EMA ribbon which are both bullish indicators. If this daily candle closes above $2,870 then it could potentially be an area of support and we would be expecting new highs for ETH after breaking the daily support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.