Is a bullish breakout possible for Ethereum? The indicators say…

recorded gains of 2.8% in the past 24 hours to boost bullish momentum and chances of a breakout past the $1,924 resistance level.reclaiming the $27k price zone, ETH bulls will be looking to continue their upward march toward the $2,000 psychological price zone.Ethereum’s price action over the past month confined it to a range, oscillating between the $1,774 support and $1,924 resistance.

Alternatively, ETH could continue its sideways structure with another rejection at the range high, especially if Bitcoin experiences a pullback to the $26k price zone. Meanwhile, the Relative Strength Indicator crossed above the neutral 50 mark and stood at 59, reiterating the recent buying pressure. This was also reflected in the On Balance Volume which recorded a decent uptick in volume.

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