A Technical Overview Of ETH
Ethereum has a market cap of $446 Billion and is ranked 2nd in the crypto verse. The volume of the ETH has surged by 255% in the last 24 hours. The price of ETH has observed a rise of 20% in the last 24 hours. ETH rise is speculated due to the upcoming approvals of the Spot ETF.
ETH is forming strong bullish candles on the daily chart. It is trading above the 50,100 and 200 EMA while looking to cross the new highs. The upside momentum of Ethereum can see a halt near $4000. Meanwhile, the support of the asset price can be observed near $3500
The RSI of ETH is currently at 71 with the strong positive slope suggesting its presence in the oversold zone. The overall sentiment of RSI and MACD are bullish on the daily chart.
ETH is forming strong bullish candles on the daily chart. It is trading above the 50,100 and 200 EMA while looking to cross the new highs. The upside momentum of Ethereum can see a halt near $4000. Meanwhile, the support of the asset price can be observed near $3500
The RSI of ETH is currently at 71 with the strong positive slope suggesting its presence in the oversold zone. The overall sentiment of RSI and MACD are bullish on the daily chart.
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