• ETH is surging through September, With traders expecting more rise in its value
• Technical indicators and Social sentiment is hoping for a bullish scenario for the altcoin
• The macroeconomic landsape is also being noticed with concentration for any momentum affecting the coin

Ethereum (ETH), is gaining attention as analysts are discussing its price value charts and indicators to understand its standing in September. At press time, ETH is trading at $4,418.66 (0.99%). The coin has a volume of $39.51 billion and a market cap of $533.59 billion.

Also Read: Ethereum Steady as Market Eyes $4,500 Break for Uptrend

Technical Indicators and Social Sentiments on Ethereum

The Cryptocurrency analyst Ali Martinez has provided a chart on his Twitter handle saying that the coin might reach up to $5,000 if it breaks the resistance. That would be a new all-time high if it happens.

Also Read: Ethereum Faces Range-Bound Trading: Break Above $4,500 or Below $4,200?

The coin is experiencing resistance (Blue) at $4,452.65 and can go up to $4500 if this breaks. The support line (yellow) is at $4,376 and can plummet to $4,300 if the price dips. The Moving Average indicator suggests that the coin is going through a bearish momentum since the MA line is above the candlesticks. The Moving Average Convergence Divergence indicator shows that the altcoin is going through a bearish momentum since the MACD line (blue) is above the signal line (orange).

Predictions and Observations of Traders.

According to the data provided by CoinCodex, the average price of ETH could go this month is $4,870.29 with a Potential ROI of 20.11%. Such forecasts usually signal a bullish sentiment.

As Ethereum continues its September rally, all eyes are on the technical indicators and social sentiment. The macroeconomic landscape is also being observed largely by the traders. All these factors make ETH an attention in the cryptocurrency industry in the coming days.

Also Read: Will Ethereum (ETH) outperform August’s Gains in September?