ETH momentum indicator has jumped to its highest level since May 2021

According to based on TradingView data, the ETH momentum indicator (which measures the rate of change in price over 10 days) has risen to $880, the highest level since May 2021, and other indicators such as RSI show the same trend. Decentralized market Lyra's options traders predict that bitcoin prices will rise to $5,000 by the end of the second quarter. The current resistance level is the high point of $4,090 set in April, followed by the historical high of $4,692 during the 2021 bull market.

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