The RSI is still below 70, indicating the price hasn\u2019t yet reached the overbought zone. So, there is room for ETH to make further gains following the current bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely examine how the price reacts around the current resistance at $1,928. If this level is broken, our next upside target for Ethereum will be $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Holds Above $30K, ETH Tests $1,900 Level In The Wake Of BlackRock's Proposal for A Bitcoin Spot ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-holds-above-30k-eth-tests-1900-level-in-the-wake-of-blackrocks-proposal-for-a-bitcoin-spot-etf","to_ping":"","pinged":"","post_modified":"2023-06-26 01:51:41","post_modified_gmt":"2023-06-25 15:51:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12210","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum rejected a move below the support at $1,620 on June 15 and rebounded for a strong bullish move. This trend-reversal event has made the price break two consecutive resistance lay at $1,712 and $1,838 over the last seven days.<\/p>\n\n\n\n
The RSI is still below 70, indicating the price hasn\u2019t yet reached the overbought zone. So, there is room for ETH to make further gains following the current bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely examine how the price reacts around the current resistance at $1,928. If this level is broken, our next upside target for Ethereum will be $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Holds Above $30K, ETH Tests $1,900 Level In The Wake Of BlackRock's Proposal for A Bitcoin Spot ETF","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-holds-above-30k-eth-tests-1900-level-in-the-wake-of-blackrocks-proposal-for-a-bitcoin-spot-etf","to_ping":"","pinged":"","post_modified":"2023-06-26 01:51:41","post_modified_gmt":"2023-06-25 15:51:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12210","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};