Ethereum (ETH) is up over 4% on Monday following increased weekend buying pressure and investors potentially rotating away from Bitcoin.
Ethereum price today: $3,450 Ethereum on-chain indicators signal rising buying pressure over the weekend. Investors are potentially rotating from Bitcoin to Ethereum following a decline in its market dominance. ETH could rally 30% after overcoming the $3,400 neckline resistance level of a Head-and-Shoulders pattern. Ethereum is up over 4% on Monday following increased weekend buying pressure and investors potentially rotating away from Bitcoin.
The Relative Strength Index and Awesome Oscillator momentum indicators are trending upwards above their neutral levels, indicating rising bullish pressure. A daily candlestick close below the $3,000 psychological level will invalidate the bullish thesis and send ETH to find support at the $2,817 level. Ethereum FAQs What is Ethereum? Ethereum is a decentralized open-source blockchain with smart contracts functionality.
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