Technical Analysis – ETHUSD retraces lower after posting fresh 6-month high
Posted on March 16, 2023 at 1:11 pm GMTETHUSD (Ethereum) experienced a significant correction after its 2023 rally stalled around the 1,740 zone in mid-February. However, the digital asset managed to stage a solid comeback, generating a fresh six-month high of 1,780 before paring some gains. The momentum indicators currently suggest that the bullish forces are in control. Specifically, the stochastic oscillator is ascending, while the RSI has flatlined above its 50-neutral mark. If the price edges higher, the recent six-month peak of 1,780 could act as initial resistance. Conquering this [..]