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ETH technical analysis
After struggling near the 20-day EMA ($1,639) for the past few days, the bulls succeeded in pushing ETH (ETH) above this resistance on September 19
The 20-day EMA is flat and the relative strength index (RSI) is near the midpoint, suggesting that the bulls are making a comeback. If the buyers maintain the price above the 20-day EMA, the ETH/USDT pair can rally to the 50-day SMA ($1,712) and then to $1,750. A break above this level would confirm a short-term double bottom. The target of this bullish setup is $1,959.
However, the bears may have other plans. They will try to pull the price back below the 20-day EMA and trap the aggressive bulls. A break below $1,600 could initiate a downside move towards the strong support at $1,531
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