Ethereum price is finally showing signs of continuing its bull run! 🎉 ETH, which bounced off the $3,200 level and broke $3,500, could be heading towards $4,000 in the short term. However, the bearish divergence in the RSI is a bit worrying. 😅
- Daily chart: Bullish momentum is back, RSI is above 50%!
- 4-hour chart: Watch out for the bearish divergence at $3,500! A small pullback is possible.
- On-chain analysis: Funding rates have fallen, the market has cooled. A sustainable rally may come if demand increases in the spot market.
Do you think ETH will push $4,000? Let's meet in the comments! 💬