ETH/USDT Sideways, Eyeing the 200 Moving Average for Next Move
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Ethereum (ETH/USDT) is currently consolidating with sideways movement, sitting just below the **200 Moving Average (MM)**. Historically, ETH gravitates toward this level, indicating a possible upward move. The **MACD shows a bullish crossover**, supporting this scenario. However, the **RSI is in overbought territory**, signaling potential buying exhaustion.
If ETH breaks the **$2436 resistance**, it could move toward the **200 MM at $2475**. A bearish breakout under **$2387** could push ETH down to **$2352**.
Conclusion :
The upcoming movement hinges on these resistance and support levels, with further clarity expected as **NASDAQ futures open** later today.