As reported by Cryptofrontnews, Ethereum's RSI has broken a multi-month downtrend, signaling upward momentum despite the price remaining near $2,800. Analyst Merlijn The Trader noted the RSI breakout suggests a potential move toward $3,400 if confirmed by price action. The Fusaka upgrade also increased Ethereum's block gas limit from 45M to 150M, enhancing network capacity and throughput. The coiling price pattern between descending resistance and horizontal support has created market tension, with traders closely monitoring for a breakout.
Ethereum RSI Breakout and Fusaka Upgrade Signal Potential $3,400 Move
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