Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence

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Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence - NewsBTC

Quick Summary:

In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon identified a particular bullish divergence that offers insight into the Ethereum price performance in the near future.

While investors would view a reclaim of $3,000 as a victory for Ethereum, history and this bullish divergence suggest that the altcoin’s price could still climb toward the $4,000 mark before the end of the current cycle.

Crypto Sunmoon noted that the 100-day exponential moving average (EMA) of the Ethereum taker buy/sell ratio on all exchanges has been rising in recent weeks.