ETH Breaks $2,000! 🚀 Overbought or Just Getting Started?
Ethereum is leading the charge today, smashing through the psychological $2,000 barrier with a local high of $2,039!
Here is what the 15m chart is telling us:
🔹 The Trend: We are seeing a classic "staircase" move up. Support has moved up significantly, with the MA(7) at $2,014 acting as the immediate floor.
🔹 RSI Check: With the RSI hitting 80+, the market is screaming "overbought" in the short term. Don't be surprised to see a slight retest of the $2,010–$2,015 zone.
🔹 The Big Picture: As long as ETH holds above $2,000, the bulls are in full control. The next major target on the hourly timeframe is the $2,050 resistance.
⚠️ Trading Note: The Stochastic RSI is cooling down, which usually happens before a period of consolidation. Watch for a "bull flag" pattern to form before considering a fresh long entry.
Are you FOMOing in at $2,029, or waiting for a retest of $2,000? 👇
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