#Ethereum Technical Analysis: Bulls Targeting Breakout Above $4,000

Ethereum ($ETH ) found support near $3,397 on Sunday and has since rallied approximately 16%, breaking through the daily resistance level at $3,730 on Thursday. As of Friday, price action is approaching the key psychological resistance at $4,000.

A daily close above $4,000 would confirm a breakout and could open the door for a continuation toward the next major resistance at $4,488 — the high from December 9, 2021.

Key Levels:

Support: $3,730 / $3,397

Resistance: $4,000 (psychological) / $4,488 (December 2021 high)

A confirmed move above $4,000 may act as a catalyst for further gains, while failure to break this level could result in consolidation or a short-term pullback.