Several technical indicators signaled Ethereum's potential breakout above $3,500. The Moving Average Convergence Divergence (MACD) showed bullish momentum with a positive crossover, reflecting growing buyer strength. The Relative Strength Index (RSI) hovered near overbought levels but sustained above 60, indicating strong upward pressure without immediate reversal risks. The 50-day Exponential Moving Average (EMA) acted as dynamic support, reinforcing the uptrend as Ethereum held above it. Additionally, the Average Directional Index (ADX) highlighted a strengthening trend, while the formation of an inverse head-and-shoulders pattern suggested a reversal from bearish to bullish sentiment. A breakout above key resistance levels like $3,200, supported by increased trading volume, further confirmed the move toward $3,500. These indicators collectively pointed to a robust bullish setup.
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I just collected "Farcaster: Lion"
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A field of flowers in full bloom, a symphony of colors and fragrances that awaken the senses.
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