Breaking Resistance Levels and Potential for Further Growth

Over the past day, there has been a notable increase in the price of Ethereum. Following a decline to the $1890 level observed the day before, Ethereum exhibited a positive response, successfully surpassing the resistance levels between $1932 and $1949 based on the Fibonacci 0 ranges in both the daily and 4-hour charts. Presently, Ethereum is trading close to the $2000 mark, and as mentioned earlier, there is a possibility for further growth within the range of $2050 to $2090.
The RSI level for Ethereum is currently at 66, indicating it is somewhat overbought and may experience a price correction or consolidation soon.
ETHEthereum (Cryptocurrency)Fundamental AnalysisTechnical IndicatorsTrend Analysis

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