Rally on the cryptocurrency markets has slowed down recently, but is not stopping. Bitcoin climbed above last week's highs and tested the $53,000 area for the first time since early-December 2021. Meanwhile, ETHEREUM managed to test a key psychological $3,000 level for the first time since late-April 2022.
Taking a look at ETHEREUM chart at D1 interval, we can see that coin has been experiencing very strong bullish momentum recently. Price jumped almost 40% off late-January lows and tested $3,000 area today. The next potential resistance zone to watch can be found in the $3,500 area, where local highs from early-April 2022 can be found.
Source: xStation5
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