Dear Readers,

The crypto market leader after Bitcoin according to the market capitalisation, Ethereum touched and trades above $ 3000 for the 2nd time in this month.

Currently ETH trades at $3101, a up of 2.65% from yesterday and over 7.5% in the past 1 week. 

It is trading with 3rd highest volume with $13,824,638,248, a high of 12.79% from yesterday.

These recent upward movement also pushed the Ethereum’s Relative Strength Index (RSI).

Previously, the RSI had experienced a decline and settled at 70. But at press time, it progressed and stands at 75.

At the time of this writing, the Total Supply in Profit was 120,155,438 ETH compared to 120.18 million observed on the 23rd of February.

This hike make significant growth for ETH. 

It is widely expected that the ETH ETF would also be approved sooner this year, which is on the high cards of expectation.

It is likely to be approved in May 2024, According to the Attorney Scott Johnson- which makes the breaking news. 

As per the chart, ETH shows strong development within a rising trend channel in the medium long term.

Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing.

There is no resistance in the price chart and further rise is indicated.

All the technical indicators are also showing bullishness on ETH.

Have a look at ETH price movements!