ETH found strong support at $1,500 during the early March sell-off and bounced strongly off that level.
Momentum indicators have been improving since then. The Relative Strength Index (RSI) sent a buy signal just a couple of days before the FOMC meeting and has now taken a fair distance from its 14-day simple moving average (SMA).
Meanwhile, the MACD’s histogram has posted its highest positive reading since the November rally, which emphasizes the strength of this latest rally.
If positive momentum continues to gain traction, ETH could rise to the $2,300 level quickly in the next few sessions meaning an upside