$ETH

It has been gradually rising towards $4,094, where the bulls are expected to face stiff resistance from the bears.

The upsloping moving averages and the RSI above 61 suggest that the path of least resistance is to the upside. If the buyers break the $4,094 resistance, the ETH/USDT pair could rally to $4,500. The bullish outlook remains intact as long as the price remains above the 20-day EMA ($3,747).

The first sign of weakness will be a break and close below the 20-day EMA. Such a move will indicate that the bulls have given up. This could sink the pair to the vital support at the downtrend line.