According to Odaily Planet Daily, ETH has risen 7.5% in the past week, showing momentum towards $4,000. The golden cross, bullish technical indicators and RSI of 63.6 indicate that ETH has the potential to continue to rise.
Whale activity is a key factor in Ethereum market dynamics, and the number of wallets holding at least 1,000 ETH increased to 5,615, indicating renewed confidence among large investors. This accumulation could further drive prices higher.
The RSI has retreated from overbought levels, reflecting neutral to bullish sentiment. A move above 70 could reignite the upside, while a move below 50 could signal a loss of momentum.
The golden cross formed by ETH supports a bullish outlook with resistance at $3,827, a breakout of which could pave the way for $4,000, with holding the $3,543 support level crucial.
