Will The Rally To $6000 Start This Week?
The post Will The Rally To $6000 Start This Week? appeared on BitcoinEthereumNews.com. With an almost 25% jump last week, the Ethereum price trend is gaining momentum and has reached the $3900 mark. As the altseason is on the verge of arrival, the $ETH price is on the verge of crossing over the $4000 threshold this week. Starting the week with a 2.16% jump, the 70% rise in intraday trading volume bolsters the uptrend possibility. Further, the bullish reversal over the last 15 days accounts for almost 35%, undermining the short-term pullback phase. With the biggest altcoin ready to surpass the previous swing high, will the bull run lead to a new all-time high this week? Check our Ethereum price analysis below for a quick study of this week’s potential price movement. Further, you can check out our Ethereum price prediction to find if the bull run in 2024 will reach the $10,000 milestone. Ethereum Price Performance The bullish reversal in the Ethereum price trend from the $2850 mark leads to a falling wedge breakout and completes a rounding bottom. With a neckline at the swing high of $4000, the altcoin is preparing for a breakout rally. Tradingview The bullish trend continues in ETH price with a 5% surge within 72 hours, potentially completing a triple white soldier pattern today. With buyers asserting dominance above $3900, the bull run chances above the $4000 psychological threshold increase significantly. The bullish crossover in the MACD and signal lines reflects a minor pause as the histograms decline. Further, the daily RSI line turns flat near the overbought boundary, reflecting the minor consolidation below $3900. With a bullish extension this Monday, Ethereum’s price aims for a positive week and reclaim the $4000 mark. An Explosion in Network Activity And Open Interest Ethereum’s network activity has seen a remarkable surge in the last seven days. The total number…
The post Will The Rally To $6000 Start This Week? appeared on BitcoinEthereumNews.com.
With an almost 25% jump last week, the Ethereum price trend is gaining momentum and has reached the $3900 mark. As the altseason is on the verge of arrival, the $ETH price is on the verge of crossing over the $4000 threshold this week. Starting the week with a 2.16% jump, the 70% rise in intraday trading volume bolsters the uptrend possibility. Further, the bullish reversal over the last 15 days accounts for almost 35%, undermining the short-term pullback phase. With the biggest altcoin ready to surpass the previous swing high, will the bull run lead to a new all-time high this week? Check our Ethereum price analysis below for a quick study of this week’s potential price movement. Further, you can check out our Ethereum price prediction to find if the bull run in 2024 will reach the $10,000 milestone. Ethereum Price Performance The bullish reversal in the Ethereum price trend from the $2850 mark leads to a falling wedge breakout and completes a rounding bottom. With a neckline at the swing high of $4000, the altcoin is preparing for a breakout rally. Tradingview The bullish trend continues in ETH price with a 5% surge within 72 hours, potentially completing a triple white soldier pattern today. With buyers asserting dominance above $3900, the bull run chances above the $4000 psychological threshold increase significantly. The bullish crossover in the MACD and signal lines reflects a minor pause as the histograms decline. Further, the daily RSI line turns flat near the overbought boundary, reflecting the minor consolidation below $3900. With a bullish extension this Monday, Ethereum’s price aims for a positive week and reclaim the $4000 mark. An Explosion in Network Activity And Open Interest Ethereum’s network activity has seen a remarkable surge in the last seven days. The total number…
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