The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.registered an over 24% hike in the last two weeks after taking a u-turn from its two-month support around the $1,442-zone. With the $1,790-resistance coinciding with the upper trendline of the up-channel , the king alt could face near-term hurdles in the coming sessions.
ETH renewed its bullish force after reviving from its expected falling wedge breakdown. The altcoin’s growth in the last two weeks has aided the bulls in testing the boundary of its supply zone in the $1,790-region. Nevertheless, the upper band Bollinger Bands kept looking north. Any close above the upper band would affirm the chances of a volatile break in the coming sessions.would lie in the $1,907-1,993 range. On the flip side, a break below the $1,703-support could pave a path for a rather near-term pulldown toward the $1,648-zone.The Relative Strength Index finally found a sustained close beyond the equilibrium to depict a strong buying edge.