Yesterday the ETHUSD price crossed the upper band line and formed a bullish candle with a long body. Ethereum's strong rally is likely to pull back.
In the H1 timeframe, ETHUSD is starting to see a weakening upward trend, the price is still below the upper band.
The price is now in the overbought zone indicated by the RSI at level 80.
Referring to the MA 50, it forms an upward channel indicating an uptrend. However, the price has rallied strongly, allowing for a pullback before the trend continues.
Related news Ethereum search Cointelegraph, Co-founder Ethereum Vitalik Buterin calls for a 33% increase in the gas limit to improve network throughput.
The current gas limit is 30 million would imply an increase to around 40 million.