Ethereum is up by a whopping 16% in the past seven days alone as the bulls have pushed the price above $1200 and seek higher levels. The question is if this rally is sustainable or if we’re bound to go into another pullback.
Technical Analysis
By Grizzly
The Daily Chart
The following chart contains the daily 50 DMA (in yellow) and MACD (14, 30), marked in blue. During the last three attempts to initiate a rally, every time the MACD line broke the baseline, the histogram…
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