It looked like Ethereum (CRYPTO:ETH) was going to make a big move and sure enough, it has.
ETH has decisively broken the resistance that was at the $2,500 level. There wasn’t enough supply to satisfy all of the demand, which has forced buyers to pay higher prices, and it has resulted in a rally.
But now it’s overbought. This means it could consolidate or start to trade sideways.
On the below chart, the red line is two standard deviations above the recent 20-day…
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