Current data on Ethereum (ETH) points to a bull momentum tha

--・826 views

See original

Current data on Ethereum (ETH) points to a bull momentum that has not been seen in a long time. On speculation that the SEC would approve a spot Ethereum exchange-traded fund (ETF), the price of Ethereum rose 18% in six days. Some traders have commented that the price will reach $5,000 and above by the end of June. The 14-day RSI rose above 70, indicating that bullish momentum is strengthening. Readings above 70 indicate strong bullish momentum, not overbought conditions as popularly perceived. Readings below 30 indicate that price selling is accelerating. In particular, the signals given by the US Securities and Exchange Commission (SEC) regarding the approval of the spot Ethereum ETF pushed investors to purchase Ethereum. On Monday, May 20, Ethereum whales made the largest single-day purchase in the last 9 months.

Current data on Ethereum (ETH) points to a bull momentum that has not been seen in a long time.
On speculation that the SEC would approve a spot Ethereum exchange-traded fund (ETF), the price of Ethereum rose 18% in six days. Some traders have commented that the price will reach $5,000 and above by the end of June.
The 14-day RSI rose above 70, indicating that bullish momentum is strengthening. Readings above 70 indicate strong bullish momentum, not overbought conditions as popularly perceived. Readings below 30 indicate that price selling is accelerating.
In particular, the signals given by the US Securities and Exchange Commission (SEC) regarding the approval of the spot Ethereum ETF pushed investors to purchase Ethereum. On Monday, May 20, Ethereum whales made the largest single-day purchase in the last 9 months.