The price of Ethereum was closely unified in a bullish style, while the last height in the distinctive symbol helped out of the range. However, the ETHEREUM market ceiling rose over $ 327 billion and exceeded the maximum bank of the Bank of America for a period of time. However, the ETH price is directed towards one of the most monthly closure in the near future. Moreover, the current chart patterns of Bitcoin 2021 Bull Run are repeated, and therefore, if they follow a similar result, the ETH price may find a high number exceeding the number of 5 numbers.
After the Pectra upgrade, the ETH/BTC showed a significant bullish momentum, as it turned away from the main support levels at 0.02. This happened again in 2020, before the start of the 2021 bull. This may be the main reason that 40x long whale, James WinOpening a long site with a 25x at ETH at ETH at the entry point of $ 2666, at a value of $ 60.4 million. Previously, the whale opened a long position in Bitcoin, which led to a huge rise towards new levels. This indicates that the whales have become very bullies on Ethereum, indicating that the price of ETH can be ready for a significant height.
After facing the equal and terrifying bullish work throughout the past week, the ETH price has finally sparked a strong outbreak, which may lead to the payment of the price beyond the multi -year rising trend line. Moreover, the weekly price procedure indicates that the distinctive symbol tests a Master of 200 days, and the high range may be the turning point of the second largest symbol. Currently, the price tested the neck line to recover V -shaped, and thus may be confirmed a weekly closure above 2619 dollars from the beginning of the new ups.
The weekly RSI rises, the weekly MACD was subjected to an upper intersection, and the weekly CMF at 0 after a recovery from -11, but the weekly DMI shows a variety of movement. On the other hand, the open interest ethereum increased above 33 billion dollars, indicating a significant increase in future contracts and open contracts, which indicate the new liquidity that enters the area.
After Bitcoin, it is now time to break the ETHEREUM high levels, which may lead to increased strong growth as Bitcoin’s dominance continues to decrease.
