3 min readETHEREUM (ETH/USD):
Price action has shown impressive upside momentum over the past few weeks. As illustrated below, once the external descending trend line was broken, the price continued to climb higher as momentum began to accelerate.
A closer look at the technicals reveals several key areas of interest at lower levels where the price could potentially retrace, retest, and rebalance before resuming its upward movement. The RSI indicator does not currently show any signs of a slowdown in price momentum.
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