Is Ethereum Staging a Short-Term Rally - Price Analysis.
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Ethereum Bulls Are Back - Price Already Over $3740 USD.
2021-10-14 | Mike Hallen
Ethereum Price Chart - Source: CoinMarketCap
Crystals traded above both the 50-day (green) and 200-day (blue) moving averages, indicating that the cryptocurrency is now bullish. Each of these moving averages can provide future support. For the past two weeks, the RSI (Relative Strength Index) has been on the sidelines, and it is now at 54. This indicates that the stock is under more pressure to purchase than to sell. ETH is expected to continue to rise and eventually break through the $4,000 obstacle, according to smart traders. The bulls will next look for a period of consolidation over $4,000 in order to find another positive advance. Bearish traders expect Ethereum to retrace its steps down the top line, break below it, and then catch under the trend line. This may result in trend shifts and long-term startup opportunities.
