ETHEREUM (ETH) has shown great strength over the past 24 hours, with a 9 % increase in price. This last upward momentum is closely examined by analysts, especially since the main technical indicators indicate that the coded currency is at a pivotal point.
It seems that the clear upward trend is based on a significant rise in the RSI index to the DMI movement. However, ETH is now facing critical resistance levels that determine whether it can maintain this gathering or if the correction is on the horizon.
Is eth preparing to penetrate while building trend strength?
The ETHEREUM movement index (DMI) reveals a noticeable increase in trend, with an average trend index (ADX) to 24.77 from 11.58 just one day ago.
ADX measures the strength of the direction regardless of the direction, with values less than 20 usually indicating a weak or unlimited market, and values above 25 indicate a strong direction.
Ethereum is now approaching this main threshold, indicating that the momentum is built and a clearer directional step may develop. Analysts recently highlighted four reasons why Ethereum is about to end.
And supported this, jumped +DI (the positive trend index) from 18.17 to 44.07, indicating a strong upward batch, while -Di (the negative trend index) decreased from 23.92 to 12, indicating poor pressure.
This wide gap between +Di and -Di means that buyers are decisively controlled.
If this trend continues and ADX crosses above 25, ETHEREUM may enter a stronger upward phase with an increase in the upward condemnation.
RSI from Ethereum reaches the highest one month: Is price correction waving on the horizon?
ETHEREUM (RSI) has increased significantly, increasing from 42.66 yesterday to 76.82.
This represents the first time that the ETH Relative Power Index has exceeded the 70th threshold for nearly a month, with another example on May 11.
Such a rapid RSI shift indicates a noticeable change in the momentum of the ETHEREUM market, indicating a strong flow of purchase pressure over the past 24 hours.
RSI is the momentum. Technical analysts use the speed and change of price movements. It moves between zero and 100. Traders are considered one of the assets “at the height” when the relative strength index exceeds 70. This indicates that its price may be unnecessarily high, indicating an upcoming correction.
On the contrary, the relative strength index is less than 30 points for the conditions for “excessive sale”. This means that the basic principle may be less than its value and ready for bullish apostasy. Therefore, the current RSA index of 76.82 puts it directly in the peak purchase area.
This high reading often indicates that the original has witnessed a rapid increase in prices and that brigade may reach the maximum, which may lead to a decline or unification in the near term.
Will Ethereum restore $ 3000?
ETHEREUM (ETH) is close to the main resistance at $ 2,790. Breaking this may fuel the strong bullish trend, and ETH 3442 may test. This EMA (EMA) lines support this.
They show that the upward trend is a building. Emas gives priority to recent price data. Their bullish preparation indicates an increase in momentum in the short term. This provides positive technical expectations.
Ethereum can see a noticeable decrease if support is tested at $ 2462 and lost. It may decrease to $ 2,326. The powerful, strong ethical direction can push less. It can reach 1938 dollars, less than $ 2000 decreased.
This will be the first time that it is less than $ 2000 since early May. Such a decrease indicates a significant shift from climbing to the emotional feelings.
Disintegration
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