Ethereum dey eye $4,000 rally after e break $3,800
Ethereum price (ETH) don continue dey go up, e rise from about $3,744 for July 20 to recently peak $3,800, na 0.51% increase inside di day. Trading volume jump 12% week to week, e help breakout pass key resistance and confirm say di price dey trend up. ETH price dey trade above im 50-day moving average, with short-term resistance at $3,900 and support at $3,700. Most daily ATR don finish, meaning say volatility no too much. Steady high volume and bullish control for bigger timeframes show say di price fit continue climb til end of di month. Market feeling dey optimistic before Shanghai upgrade, traders dey eye possible rally reach $4,000 if di momentum still dey.
Bullish
Ethereum price dey show clear bullish momentum, as e climb from $3,744 reach $3,800 plus breakout pass key resistance on top increased trading volume. E still dey hold above the 50-day moving average plus sustained high volume across different time frames show say buying pressure still dey strong, meanwhile di consumed ATR talk say short-term volatility no too much. Optimistic sentiment ahead of the Shanghai upgrade still dey support more upside potential, traders dey target $4,000. These factors mean say both short-term rally go continue and long-term outlook for ETH price fine well well.