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Chart Analysis: Ethereum (ETH) Insights for Future Traders
The Relative Strength Index (RSI) is hovering around 60, suggesting that ETH is neither overbought nor oversold. This could mean there’s potential for upward momentum if buying pressure continues. However, traders should remain cautious as we also see some resistance around the $2,680 mark.
For future traders, this chart suggests a key moment: a break above this resistance could lead to further gains, while a drop below the support level around $2,640 might signal a reversal. Keeping an eye on volume trends will also be essential, as increased volume during price movements can indicate strength or weakness in the trend.#ETH