#Is there any chance ETH catches up BTC momentum? Analysis of Ethereum’s daily chart shows that on April 7, the price increased by more than 3%, with the closing price surpassing the $3,400 threshold. This increase is especially notable because Ethereum has undergone a significant decline before, making this the largest increase recorded in recent times.



What’s more notable is that at the time of writing, Ethereum is experiencing a stronger rally, with a price increase of over 4%. The chart shows ETH is trading above $3,600 with a recent spike.

Chart analysis also shows that the highest price this year has been reached at around $4,000, and with current trends, surpassing this record is likely to happen in the following weeks.

Another positive is that chart research has revealed that the price rally has effectively helped Ethereum return to an uptrend, with data from the Relative Strength Index (RSI) showing that ETH is currently in above the neutral zone, signaling a continued uptrend.
ETH1,31%
BTC1,61%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Miraslanvip
· 2024-04-09 09:12
#LADYS# We will break the laws of the new global economy among digital currencies to strengthen the rest of the digital currencies, and very soon we will see that the change will take place without discussion, I am sure of it
View OriginalReply0
TianHuivip
· 2024-04-09 08:11
Will it increase in followers::::::::::::::::::::::::::::::::::
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)