📈 Ethereum is rapidly rising — will it break through to $4K?
The price of Ethereum surged sharply after finding support at the $3,650 level. ETH is increasing and may soon overcome $3,920.
Ethereum has risen above $3,750 and $3,800 again.
The price exceeds $3,800 and the 100-hour SMA.
The hourly chart for ETH/USD shows a positive trend line with support at the $3,820 level.
If support remains above $3,750, the pair could rise again.
The price of Ethereum has exceeded 5%.
Ethereum has risen from $3,650, outpacing Bitcoin. ETH has recovered above the barriers of $3,720 and $3,750.
Bulls even overcame resistance at the $3,850 level. Finally, the price tested resistance at the $3,920 level. The price reached a high of $3,927 and is consolidating profits above the 23.6% Fibonacci level from the rise from a low of $3,544 to the high.
Ethereum is above $3,800 and the 100-hour SMA. The hourly chart for ETH/USD shows a positive trend line with support at the $3,820 level.
The price may encounter resistance at the $3,920 level on the upside. Around $3,950 is the next significant resistance. In the area of $4,000 is the first significant resistance. A decisive breakthrough of the $4,000 level could push the price above $4,220.