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Chart of the Day
ATH, and then what? Ether has been side-stepping since reaching its all-time high on Thursday. Indicators point to the bulls still very much in play. The MACD indicator is converging to the signal line post-ATH consolidation. The 14-day RSI remains in a neutral zone, looking to climb higher. We will observe closely how this pans out. In retrospect, ETHBTC has been trending inside of an ascending channel since October 2020. Recent trends suggest that a retest of the channel resistance may be imminent.