Ethereum Price Don Surge 7.7% Pass $4,238, Eye $4,400 Rally
Ethereum price jump 7.7% reach $4,205 after e break $4,238 resistance level, na show say na e top gain among major cryptocurrencies. Even though dem get small false breakout for hourly chart, the coin still dey above the $3,941 barrier for higher timeframes, e make the bullish momentum strong. Traders suppose dey watch $4,093 as key support; if e hold steady, e fit push am reach $4,400 short term and test $4,500 before month end. Analysts recommend say use Average True Range (ATR) measure volatility and momentum. This Ethereum price rally show say investors confidence don renew, fit attract both short-term momentum traders and long-term holders.
Bullish
Ethereum strong gain of 7.7% plus say break resistance at $4,238 show say people dey really wan buy. For short time, if e hold above important support at $4,093, momentum traders fit push price go $4,400. Medium term outlook still dey positive with chance say e fit reach $4,500 by end of month since average true range readings support make market go up and down but mainly up. For history, when dem break resistance like this, e usually lead to steady rally, meaning investors get new confidence. Overall, dis news good for ETH and e go attract traders wey dey trade short and investors wey dey hold long time.