Summary
- Ethereum has surpassed $4,000, raising the possibility of further gains.
- A golden cross of the 100-day and 200-day moving averages has occurred, adding to the anticipation of further increases.
- There is a past instance where Ethereum's price increased by 200% following a golden cross occurrence.
Ethereum (ETH) surpassed $4,000 today, with indicators suggesting the potential for further gains being released.
According to Crypto sR on the 16th, a 'golden cross' occurred on Ethereum's chart, where the 100-day moving average and the 200-day moving average intersected.
Crypto sR reported, "The last time Ethereum experienced a golden cross was in 2021, during which its price increased by 200% over 10 weeks."
Meanwhile, as of 11:55 AM today, Ethereum is trading at $3,971, up 2.14% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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