Ethereum Shows Bullish Signs With Its Strong Momentum
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Ethereum’s price has seen a jump of 18% in just 6 days ahead of the imminent ETH ETF approval by the SEC. Some traders expect it to hit $5,000 by the end of June. A popular technical study also points out that ether’s ongoing uptrend is as strong as in May 2021, displaying the strongest upward momentum in three years. Ethereum’s momentum indicator, which measures the rate of change in prices over 10 days has jumped to $880, which is also the highest since May 21. Other indicators like the RSI, also show bullish signs.
