Altcoins News
By MikeT
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Ethereum (ETH) has been in a consolidation phase since February 2, trading below the $3,000 level.
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The RSI, which measures the momentum of an asset's price movement, has been holding steady at 54.
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In addition to the RSI, the DMI, which analyzes the strength and direction of a trend, shows weak momentum as well.
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Ethereum's price has been oscillating between two key levels since February 7. The price has been testing the $2,800 resistance level multiple times, while finding support near…
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For Ethereum to break through the $3,000 barrier, it must not only surpass the $2,800 resistance but also sustain above $3,020.
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Traders and investors will need to closely monitor Ethereum’s price action over the coming days.
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