Fama

08/20 05:11

Ethereum hovers above $2,200 on Thursday, followin

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ETHUSDT

永续

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Ethereum hovers above $2,200 on Thursday, following a 17% rise the previous day. ETH extends a bullish breakout above both the 50-day and 200-day EMAs, $1,900 and $2,108, respectively. From a technical perspective, the 78.6% Fibonacci retracement, measured over the $2,464 to $1,505 downswing, at $2,259, acts as the immediate resistance. A decisive close above this level could target the $2,464 swing high, followed by the 127.2% extension level at $2,725. Momentum reinforces the constructive bias, with the RSI near 82 suggesting overbought conditions after a steep advance, while the MACD rising sharply into positive territory hints that buyers still control the near-term trend. ETH/USDT daily price chart. On the downside, initial support is seen at the reclaimed 200-day EMA near $2,108 and the 50% retracement at $1,985.

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