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Why can the last ethereum bounce back to the start of a new bull

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ethereum She has again proven her flexibility, as she strongly wore the long -term support line that sparked big marches in the past. The signs of the bullish direction line are renewed from the buyers from the buyers every time they are tested. The latest recovery, which occurs with visual strength, indicates that Ethereum may prepare for another higher step.

Trusted trend strokes from Ethereum again – bulls restore control

According to Unichartz, in a conversation mail On X, Ethereum again provided a strong bounce of the long -term support line, a level that was a launching platform for allocated operation Up It moves in previous sessions. This trend line has proven more than just visual evidence; It is a psychological and artistic battlefield where bullish feelings have emerged over and over again, helping ETH to challenge the declining pressure when it is more important.

Unichartz also emphasized that this represents the third time that ETH has successfully recovered from this trend, adding more credibility to its role as a reliable support level. With this repeated verification, the trend line is now built as a basis for the ups of the ETHEREUM budget.

ethereum
Growing recovery for eth | source: Unichartz on x

If we look at the future, if ETH is able to collapse decisively above $ 2.030 to $ 2,160 The resistance areaThe door can open a large move towards the level of $ 2,540. This scenario paves the way for renewing confidence in the long -term ethereum path.

MACD and RSI indicators indicate a renewed bullish momentum

In the world of technical analysis, the indicators of the contrast to the moving average rapprochement (MACD) and the RSI indicators are among the most reliable tools for signal signal. market Movements. Currently, both the tissues indicate a possible return of the upscale momentum, drawing attention to the price movement.

MACD has recently moved to a positive area, where the MACD line crosses over the signal line, often indicating the beginning of the strong momentum. When you are associated with an increase in size, the intersection becomes more important, which indicates the possibility of extending pool.

On the other hand, the relative force index for one day gradually climbs and sits in the neutral area to the upper upwardness, which means that the original has not been clarified yet. Above the general reading suggests a positive momentum, and as the relative strength index continues in the upper direction, it enhances the thesis that the market is preparing for Go out.

Together, these two indicators correspond to support the idea of ​​renewable momentum. Traders should monitor the confirmation, especially as prices move through the main resistance levels, which will verify the authenticity of the signals provided by MACD and RSI.

ethereum
Eth trading at $ 1825 on the 1D graph | Source: ethusdt on Tradingvief.com

Distinctive photo from Pexels, Chart from TradingView.com

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