
Title: Ethereum (ETH): Is $4,000 Still Possible?
As the cryptocurrency market continues to experience significant fluctuations, investors and traders are eager to know whether Ethereum’s price can still reach $4,000. In a recent analysis, we explored the possibility of Ethereum breaking through this milestone.
The article highlights that while there are indications of divergence between ETH’s price action and technical indicators, the chart’s RSI (Relative Strength Index) is still in bullish territory, increasing the likelihood of short-term correction. Furthermore, the volume levels suggest a decrease in participation, which could potentially impact the currency’s ability to rise without new demand.
Despite this, Ethereum’s overall structure remains bullish, but it’s crucial for traders to focus on price movements around these critical levels.
Source: u.today