Ethereum Surge Has Legs Until $4,000, Here Is The Technical Analysis
Ethereum has finally caught a mega rally. After months of underperforming Bitcoin, it is finally leading the pack. From April 7th, ETH has rallied 160%. While not at 52 week highs yet, it is getting close.
The key technical chart level to watch is $4,000. This is a major down-sloping trendline that connects the high from 2021 and 2024. These types of trendlines can act as a brick wall when hit by price, especially when price has rallied sharply in the near-term.
Overall, ETH could see continued momentum, but investors should watch the $4,000 level closely for a pull back.
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