ETH surges to 8-month high, as BTC nears resistance at $28,500.
Following a low of $1,771.15 to start the week,Tuesday’s rally saw bulls push ethereum back to its strongest point since August 17, when price hit a peak of $1,957.One of the catalysts for today’s surge appears to be a breakout at the 61.50 zone on the RSI indicator.
Currently, price strength is tracking at 62.54, with an upcoming ceiling at 65.00 a possible destination for bulls.Register your email here to get weekly price analysis updates sent to your inbox:
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