Ethereum (ETH) could reclaim $2500 as momentum indicators remain positive
Ethereum (ETH) has been recovering over the last few days after tanking to its lowest level in months. The coin is however poised for a bigger bounce based on momentum indicators. But it still faces major upward resistance and downside risk. Here are some important facts:
ETH reclaimed $2000 after facing a major sell-off this week
RSI divergence and the moving average convergence divergence show signs of bullish momentum
But ETH still remains pressured below crucial resistance zones
Data Source:
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