📈 Ethereum Blasts Higher — Can It Smash Through to $4K?

Ethereum price surged after finding support at $3,650. ETH is increasing and may shortly break $3,920.

Ethereum rose again over $3,750 and $3,800.

The price is over $3,800 and the 100-hour SMA.

The hourly ETH/USD chart shows a positive trend line with support at $3,820.

If supported over $3,750, the pair may rise again.

Ethereum Price Exceeds 5%

Ethereum rose from $3,650, topping Bitcoin. ETH recovered over $3,720 and $3,750 barrier.

Bulls even broke $3,850 resistance. Finally, the price tested $3,920 resistance. Price has set a high at $3,927 and is consolidating gains above the 23.6% Fib retracement line of the upward run from the $3,544 swing low to the high.

Ethereum is over $3,800 and the 100-hour SMA. The hourly ETH/USD chart shows a positive trend line with support at $3,820.

Price may find resistance at $3,920 on the upside. Around $3,950 is the next major resistance. Near $4,000 is the first significant resistance. A decisive break over $4,000 might push the price above $4,220.

Above $4,220 barrier might lead to greater advances in the following sessions. Ether might soar to $4,350 or $4,500 in the short future.

Are ETH dips limited?

Ethereum may fall again if it fails to break $3,920. At $3,820, downward support begins. First significant support is around $3,800.

A decisive break below $3,800 might bring the market around $3,735. If losses continue, the price may reach $3,680 support. Next important support is $3,650.

Tech Indicators

Hourly ETH/USD MACD is rising in the positive zone.

Hourly ETH/USD RSI is over 50.

Major Support: $3,735

Major Resistance: $3,920

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