#BinanceTurkeySquare
- #Ethereum gained more than 40% in value in the last month and reached an all-time high of $3,364.68.
- Ethereum is in a strong uptrend and support levels are located around $3,231.20 and $3,269.65.
- Ethereum is giving a buy signal on most technical indicators. Oscillators such as RSI, MACD, ADX, CCI and Williams %R indicate a bullish trend.
- Ethereum is trading above the moving averages and the exponential moving averages (EMA) remain above the simple moving averages (SMA). This shows that the bull market continues.
- Ethereum is trading above the Ichimoku cloud and its volume weighted moving average (VWMA) is above the Hull moving average (HMA). This indicates that buyers are dominant and the price is gaining upward momentum.
These technical details provide convincing evidence that Ethereum's market cap will increase. Ethereum maintains its leading position in the cryptocurrency market and remains an attractive option for investors.
