Breakthrough alert! ETH is about to soar, get ready!
Friends in the crypto circle, 4 hours ago, Ethereum (ETH) has stabilized its position as the second largest, once the key level is broken, everyone is keeping a close eye!
The momentum of ETH looks bullish! Not only has it broken the $3550 barrier, but it has also surged out of a five-day consolidation zone, impressive right! This accumulation is not to be underestimated.
Speaking of predictions, if ETH can hold above $3580, in the next few days, a 14% increase is not a dream, the $4000 barrier is waiting for it! If the momentum is even stronger, it will rise further!
Looking at the daily chart, ETH is hovering above the 200-day moving average, showing a clear upward trend. The RSI is also strong, below 70, indicating there is still room for increase.
On-chain data is also joining the excitement, ETH traders are highly enthusiastic, and historical highs are about to be broken! Open interest (OI) has increased by 15% in 24 hours, and new positions are being added quickly.
Currently, the price of ETH is around $3612, with an increase of over 10% in 24 hours. However, trading volume has slightly declined, with a 9% decrease, it seems traders and investors have calmed down a bit.
In summary, many people are optimistic about this breakthrough of ETH, let’s keep an eye on it!
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