Will Ethereum Value Reach Four Figures Anytime Soon?

18 Des 2020

The technical chart of Ethereum highlights the gradual positive momentum created by the bulls from the past month, which has resulted in attaining new levels for the yeat towards the end. The price levels have broken above the upper level of BB, which is around $652.09, providing extreme bullish signals. The relative strength index has also reached the peak of the overbought region with the current level of 82.27 while MACD moves strongly after a bullish crossover. The bulls must be looking levels above $630 for cooling off what might have converted into an overheated positive move. The cooling period around $650-$670 might help develop sustainability and avoid any sharp negative divergence for the world's second-largest cryptocurrency.