Ethereum’s price has been rallying rapidly over the last few weeks, breaking past several resistance levels. Yet, the price has reached a significant level that could hold the market for a while.
Currently, the ETH price is trying to pierce through the $4,000 resistance level after failing to do so last week. The Relative Strength Index also shows values above 50% but is still not overbought in this timeframe. Therefore, the market might still rise higher before an eventual correction.
Source: Digital Coin News (digitalcoinnews.net)
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