🚀 Ethereum Ignites Momentum—Is the $4K Breakout Now Inevitable? 🔥📈
Above $3,750, Ethereum price rose again. ETH is displaying optimistic indicators and may increase above $3,950.
Ethereum rose beyond $3,750 again.
The price is over $3,650 and the 100-hour SMA.
On the hourly ETH/USD chart, a bullish trend line with support around $3,720 is formed.
If supported over $3,650, the pair may rise again.
Ethereum rises beyond $3,800
Ethereum rose beyond $3,650, outperforming Bitcoin. To stay bullish, ETH price moved over $3,750 barrier.
Bulls drove prices over $3,800. Last, it tested $3,860. The price hit a high at $3,859 and is consolidating gains above the 23.6% Fib retracement line of the upward run from $3,031 swing low to $3,859 high.
Ethereum is over $3,700 and the 100-hour SMA. On the hourly ETH/USD chart, a bullish trend line with support around $3,720 is formed.
Price may find resistance at $3,800 on the upside. Near $3,860 is the next resistance. Near $3,920 is the first substantial resistance. A clean break over $3,920 might push the price above $3,950.
Above $3,950 barrier might lead to greater advances in the following sessions. Ether may reach to $4,000 or $4,200 soon.
Are ETH downsides limited?
Ethereum may fall if it fails to break $3,800. Around $3,720 is first downside support. Near $3,650 is the first important support.
A decisive break below $3,620 might bring the price below $3,550. If losses continue, the price may reach $3,450 support. Next important support is $3,320.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly RSI: ETH/USD is below 50.
Major Support: $3,650
Major Resistance: $3,860
