Ethereum price is in an uptrend. with a target of $4,400.

Ethereum price continues to move towards its highest price ever. Despite the $4,000 resistance, the SuperTrend and MACD indicators signal a buy. and attract more buyers and investors to join the market

In the days leading up to this past weekend, Ether maintained its uptrend with a real break in the range above $3,600, reaching $3,800. Many buyers were close to breaking through the $4,000 resistance, but an unexpected hurdle at the $3,980 level stopped the rise.

Ethereum’s bull market has shown a buy signal.

Ether is trading around $3,800 after falling to support near $3,600, but following the bullish trend. It is believed that it depends only on time when the price will rise above $4,000.

The short-term goal is to close the gap at an all-time high of about $4,400.

according to the daily chart The technical picture continues to support bullish markets. For example, the SuperTrend indicator has recently reversed to an uptrend. And if the technical picture remains the same It can be said that Ethereum is still in an uptrend.

Similarly, the Moving Average Convergence Divergence (MACD) indicator remains above its moving average. This adds to the credibility that it is in an uptrend as the MACD is a trend tracker that primarily calculates price momentum.

When the 12-day EMA crosses below the 26-day EMA, the opportunity increases with the uptrend. As long as the technical picture on the chart remains unchanged. It’s safe to say that Ethereum is highly likely to raise its price to $4,400.

On the other hand, the bull market must focus on an elevation above the supply zone marked in red on the chart. Breaking through this level will encourage more buyers to enter the market. As the investor’s risk increases, it will, in turn, allow ETH to have the highest price momentum ever.

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