Ethereum has risen to new yearly highs after breaking the recent high reached in January, reaching 1.391$ in the European morning. The altcoin is now trading above $ 1,381, gaining 9.68% on the day, amidst the momentum to advance earnings toward $ 1,400. However, a daily close above $ 1,350 is required to validate the uptrend.
ETH / USD 4 hour chart
Ethereum’s expected uptrend has been validated by on-chain metrics such as network growth and large numbers of whales. From a technical perspective, short-term analysis suggests that buyers will stay active for a while longer, especially with the 50 SMA above the 100 SMA.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
