$ETH

🚨Ethereum bulls take control, aim for $4,000🚨

Ethereum price closed above the psychological level of $3,000 on Tuesday and rallied by 10.8% on Thursday. At the time of writing on Friday, it continues to trade higher toward its daily resistance at $3,730.

If ETH closes above the daily resistance at $3,730, it could extend the rally toward its next key psychological level at $4,000.

The RSI on the daily chart reads 85, above its overbought level of 70, indicating strong bullish momentum. Meanwhile, the MACD indicator displayed a bullish crossover in early July that still holds. The rising green histogram bars above its neutral zero line suggest that bullish momentum is gaining traction.

However, if ETH faces a pullback, it could extend the decline to find support around its key level at $3,000.

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