Ethereum strong surge, 2489 becomes the dividing line for bulls and bears!

The ETH four-hour candlestick chart shows that the price has surged from 2417.28 to 2489.12, an increase of nearly 3%!

The MACD indicator shows that the difference between DIF and DEA is expanding, and the MACD value is positive, indicating that the upward momentum is still present!

Although the KDJ indicator shows that both K and D values are high, the J value has not turned down yet, so it may still push up in the short term! Now, the support level at 2489 is very crucial; if it holds, it can challenge the resistance levels at 2600-2800!

In my personal opinion, at this level, ETH can be tested with a small position, but definitely do not go in heavily; wait for the direction to be clear before going all in!

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