The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.marked a double-digit growth over the last week as it rebounded from its $1,440 support level. With the $1,600-$1,700 range reflecting a supply zone for the bearish pulls, the king alt could face near-term hurdles in the coming sessions.
With the bears posing hurdles near the 20 EMA and the 50 EMA , ETH could see a slight rejection of higher prices from the immediate resistance. . An eventual break above the $1,600 resistance could pave a path for a rather brief bull run toward theThe Relative Strength Index moved along the threshold of its equilibrium for the last week. A continued position below this level would aid the sellers in maintaining their advantage.
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