Ethereum Blasts Higher — Eyeing the $4K Breakout
💰 Current Price: $3,927
📈 24h Gain: +5%
Market Recap:
$ETH found solid support at $3,650 and has been on a tear, outperforming Bitcoin. Bulls cleared $3,750 and $3,850, testing resistance at $3,920. Price is holding above $3,800 and the 100-hour SMA, with a strong uptrend line from $3,820.
Key Levels:
Support: $3,820 / $3,800 / $3,735 / $3,680 / $3,650
Resistance: $3,920 / $3,950 / $4,000 / $4,220
Bullish Scenario:
A decisive breakout above $4,000 could ignite a rally toward $4,220, with $4,350–$4,500 in sight.
Bearish Scenario:
Failure to break $3,920 could see a pullback to $3,820–$3,800. A drop below $3,800 opens the door to $3,735 and $3,680.
Technical Signals:
MACD: Bullish momentum intact
RSI: Above 50, favoring buyers
Bias: Bullish while above $3,800 — dips likely to be bought.