Ether's Bull Momentum Is Strongest Since May 2021
Summary
Ether's market is showing strong upward momentum, with prices surging 18% to $3,800, and the momentum indicator reaching $880, the highest since May 2021. This indicates a strong bullish trend, making it risky to pick a top or bottom. The 14-day RSI crossing above 70 and the 14-week RSI approaching the 70 level further support the strengthening bullish momentum. Immediate resistance is at $4,090, with options traders positioned for a rally to $5,000 by the end of the second quarter.
