Ethereum faces its first important resistance level on its way up
journey skyward has hit a speed bump, and it is called the 21 EMA . This resistance level has long been anticipated as the first real test for the second-largest cryptocurrency. Yet, Ethereum has not managed to break through, stalling its upward momentum.
The surge in trading volume and open interest is a telltale sign that funds are moving in the background. These metrics often precede price movement, and in this case, they are pointing upward. It is as if the market is whispering,"Hey, pay attention; something's about to happen here."
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