After delving into the current price action, Venturefounder identified a massive rising channel unfolding since 2017, suggesting a multi-year upside move. ETH’s bullish action is further supported by a developing bullish crossover by the Moving Average Convergence Divergence (MACD) indicator.
As May draws closer to an end, the expert believes that if the altcoin closes the month above the $2,500 mark, it may be a pivotal development for price spikes. The monthly MACD’s bullish crossover completion before May closes will also act as a launchpad for more positive price movements.
