Ethereum (ETH) Weekly Situation:

👉 ETH has just managed to break the famous resistance zone around $2,800. Thanks to this buying reaction, the price maintains the bullish trendline and signs a double bottom in weekly with the closing above $2,800.

🔍 The price is now moving beyond the moving averages (EMA13/MA30)...

📊 In addition, the momentum is bullish, as the RSI is showing bullish momentum beyond the bearish trendline and the stochastic has crossed bullish outside the oversold zone!

Targets :
🔜 Fibonacci extensions 2 and 2.618 (between $3,700 and $4,400)
🔜 3.618 Fibonacci extension at $5.825 (ATH!)

#USInflationAboveTarget #BTCBreaks93k #PNUTSurge #AltCoinRush #Devcon2024 $ETH


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