BeyOglu - The Analyst
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#Ethereum Technical Analysis: Bulls Targeting Breakout Above $4,000
Ethereum ($ETH ) found support near $3,397 on Sunday and has since rallied approximately 16%, breaking through the daily resistance level at $3,730 on Thursday. As of Friday, price action is approaching the key psychological resistance at $4,000.
A daily close above $4,000 would confirm a breakout and could open the door for a continuation toward the next major resistance at $4,488 — the high from December 9, 2021.
Key Levels:
Support: $3,730 / $3,397
Resistance: $4,000 (psychological) / $4,488 (December 2021 high)
A confirmed move above $4,000 may act as a catalyst for further gains, while failure to break this level could result in consolidation or a short-term pullback.
Ethereum ($ETH ) found support near $3,397 on Sunday and has since rallied approximately 16%, breaking through the daily resistance level at $3,730 on Thursday. As of Friday, price action is approaching the key psychological resistance at $4,000.
A daily close above $4,000 would confirm a breakout and could open the door for a continuation toward the next major resistance at $4,488 — the high from December 9, 2021.
Key Levels:
Support: $3,730 / $3,397
Resistance: $4,000 (psychological) / $4,488 (December 2021 high)
A confirmed move above $4,000 may act as a catalyst for further gains, while failure to break this level could result in consolidation or a short-term pullback.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
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-4.18%
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