Ethereum Eyes $4,000 as Bullish Momentum Builds
TL;DR Summary
Ethereum (ETH) recently hit the $3,600 mark but faced a slight pullback, trading at $3,577.87. Despite increased selling pressure as over 90% of investors were in profit, technical indicators suggest a potential breakout above $3,600, possibly reaching $3,900. Whale confidence and high open interest indicate bullish sentiment, with the 9-day MA above the 21-day MA and high On Balance Volume supporting a positive outlook. However, failure to break $3,600 could see ETH fall to $3,300 support.
Topics:business#cryptocurrency#cryptocurrencymarket#ethereum#investorsentiment#priceanalysis#technicalindicators
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