đ„đEthereum ($ETH ) Eyes New Rally as MACD Turns Positiveđđ„
Ethereum (ETH) is showing promising signs of upward momentum as the 4-hour MACD has just crossed into positive territory. This technical indicator is often viewed as a signal that a new short-term uptrend is beginning, potentially setting the stage for ETH to target the $2800 - $3000 range in the near future.
The 4-hour MACD crossing up is a key development, suggesting that the recent consolidation phase may be over, opening the door for further gains. It's also important to note that the daily MACD remains positive, reinforcing the bullish outlook for Ethereum in both the short and medium term.
Traders and investors should closely monitor ETHâs price action, as this technical alignment could mark the start of a new leg up in the ongoing market cycle.
