The ETH momentum indicator has jumped to its highest level since May 2021
2024-05-24 07:56:00
According to TradingView, the ETH Momentum indicator (which measures the rate of change in price over a 10-day period) has jumped to $880, its highest level since May 2021, and other indicators such as the RSI are showing the same trend. Options traders at decentralized market Lyra expect bitcoin prices to rise to $5,000 by the end of the second quarter. The current resistance level is at a high of $4,090 set in April, followed by an all-time high of $4,692 set during the 2021 bull market.
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