The technical chart of Ethereum
highlights the gradual positive momentum created by the bulls from the past month, which has resulted in attaining new levels for the yeat towards the end. The price levels have broken above the upper level of BB, which is around $652.09, providing extreme bullish
signals. The relative strength index
has also reached the peak of the overbought region with the current level of 82.27 while MACD
moves strongly after a bullish
crossover. The bulls must be looking levels above $630 for cooling off what might have converted into an overheated positive move. The cooling period around $650-$670 might help develop sustainability and avoid any sharp
negative divergence for the world's second-largest cryptocurrency.