Strong rise for Ethereum | ETH continues to climb 🚀
Current price ~ $4915
The price rose to nearly $4,880 – a new all-time high – following Jerome Powell's speech that sparked optimism about interest rate cuts.
Technically, the buy signals are very strong: RSI and MACD and others are all in supportive zones, and all moving averages support the upward trend.
Are we targeting $5,400 – $5,700? Some forecasts indicate an upward trend toward those levels over the next month.
However... caution is present, as some digital indicators (like the daily RSI) show overbought signals, which may indicate a potential short-term correction.
In the end, the market looks strong and enthusiastic, but it is advisable to keep track of technical and political news continuously.