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Ether price prediction
Buyers pushed Ether ($ETH) above the 20-day SMA ($3,675) on Monday but could not clear the hurdle at $3,745.
However, a minor positive is that the bulls have not ceded much ground to the bears. That suggests the bulls are holding onto their positions as they anticipate another move higher. If the $3,745 level is crossed, the ETH/USDT pair could ascend to $3,941 and eventually to $4,094.
This positive view will be invalidated in the short term if the price turns down and plunges below the 61.8% Fibonacci retracement level of $3,300. That opens the doors for a fall to the 50-day SMA.
