Ethereum (ETH) Price Chart Looks Primed for Further Gains in the Coming Weeks

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Ethereum is bubbling under the $4k level after a sustained rally since late-January. The medium-term outlook remains positive but care needs to be taken in the short-term.

Today’s US Jobs Report can move a range of asset classes, including the cryptocurrency space, in either direction so attention to the 13:30 release is needed.The weekly Ethereum chart shows the strength of the recent move and this has taken ETH into heavily overbought territory using the CCI indicator at the bottom of the chart. This needs to be normalized to allow Ethereum to continue to move higher.

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