$ETH price analysis........🚀🚀🚀
ETH
$3,209
has risen to the 20-day EMA ($3,234), indicating that the bulls are trying to make a comeback.
#ETH/USDT daily chart.
The 20-day EMA is flattening out, and the RSI is just below the midpoint, indicating a balance between supply and demand. If the price turns down from the 20-day EMA, the ETH/USDT pair could slip to $3,056. This is an essential support for the bulls to defend because if it gives way, the next stop could be $2,850.
On the upside, a break above the 20-day EMA will strengthen the buyers. The pair may rise to the 50-day SMA ($3,481) and later to $3,679. A break above this resistance will suggest that the correction may be over.
