๐ **Ethereum Breaks Out โ Is \$4K Within Reach?**
Ethereum's price surged after rebounding from \$3,650, climbing past \$3,750 and \$3,800 levels. The momentum has placed ETH above \$3,800 and the 100-hour simple moving average, signaling strength.
The ETH/USD hourly chart reflects a bullish trajectory, supported by a rising trend line near \$3,820. As long as ETH remains above \$3,750, further upside is possible.
๐ **ETH Up Over 5%**
Ethereum outperformed Bitcoin, rallying from \$3,650 to smash through resistance at \$3,720, \$3,750, and even \$3,850. It tested the \$3,920 zone, setting a high at \$3,927 before stabilizing. Price is holding firm above the 23.6% Fibonacci level, drawn from the \$3,544 low to the recent peak.
The next resistance stands near \$3,920, followed by \$3,950 and a key ceiling around \$4,000. A breakout above this could fuel a move to \$4,220 โ and potentially toward \$4,350 or even \$4,500 soon.
๐ป **Will Ethereum Hold Its Gains?**
If ETH fails to clear \$3,920, a pullback could test support at \$3,820. Stronger support is seen around \$3,800. A break below that might trigger further losses toward \$3,735, then \$3,680, and possibly \$3,650.
๐ **Technical Overview**
* **MACD (Hourly)**: Gaining strength in bullish territory
* **RSI (Hourly)**: Well above 50, signaling upward momentum
* **Key Support**: \$3,735
* **Key Resistance**: \$3,920
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