ETHUSD (Ethereum) had been on the rise after claiming the 50-day simple moving average (SMA) in mid-May, also helped by the regulatory approval of spot-Ethereum ETFs in the US. Although the price posted a fresh two-month peak of 3,974, it has been rangebound in the past few sessions due to approaching overbought conditions. Should the price reverse lower, immediate support could be found at 3,700, a region that has acted both as support and resistance in 2024. Lower, the bears could attack the March-April support of 3,260. Slicing through that barrier, the pair might test the March bottom of 3,060. On the flipside, ... (full story)