Ethereum is flying the bullish flag above the horizon in the cryptocurrency space. Data by CoinGecko show that Ether has incurred double-digit gains barely a day after reclaiming support at $4,000. The flagship smart contract token has attracted $64 billion in trading volume over the last 24 hours, $2 billion above Bitcoin’s.
Ethereum hits another milestone toward $5,000
Ethereum has hit a new record high above $4,300, paving the way for gains heading to $5,000. The liftoff is no longer a matter of if but when based on the short-term technical levels on the four-hour chart.
The Relative Strength Index (RSI) crosses into the overbought region to validate the upswing. This trend strength indicator hit this area the last time and extended the movement to 86. If the same move occurs, Ethereum’s uptrend will last longer than expected.
ETH/USD four-hour chart
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ETH/USD price chart by Tradingview
Ethereum is exchanging hands at $4,340 at the time of writing. Buyers have their e
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