*#Ethereum Price Update*
Current Price: $3,887.70
*Daily Forecast*
- Resistance Levels: $3,950, $4,100
- Support Levels: $3,800, $3,749
- Trend Analysis: #Ethereum $ETH
$ETH is showing a bullish trend, with a potential breakout above $3,950, targeting $4,100. The Supertrend indicator on the daily chart remains bullish above $3,387 ¹.
*Weekly Forecast*
- Upside Targets: $4,502, $5,433, $6,328
- Support Zones: $3,155 (20-week EMA), $2,747-$2,475 (strong historical support)
- Trend Indicators: Price is trading above the 50-week EMA and 200-week EMA, signaling long-term bullish momentum ².
*Trading Strategy*
- Buy on dip to $3,800, target $4,100
- Set stop-loss at $3,387
*Disclaimer*: Trading carries risks. Do your own research and consider your risk tolerance.