The ETH momentum indicator has soared to its highest level since May 2021
According to data from TradingView, the ETH momentum indicator (measuring the rate of price change within 10 days) has soared to $880, the highest level since May 2021. Other indicators such as RSI also show a similar trend. Options traders in the decentralized market Lyra predict that by the end of the second quarter, Bitcoin prices will rise to $5,000. The current resistance is at the high point of $4,090 set in April, followed by a historical high of $4,692 set during the bull market in 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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