$ETH Price Prediction & Analysis

#ETH is trying to maintain above the breakout level of $3,745, signaling that the Bulls are not hurrying to book profits as they anticipate another leg higher.

If the price rebounds off the $3,745 support, the ETH/USDT pair could reach the overhead resistance at $4,094. Sellers are expected to pose a strong challenge at $4,094 to $4,200, but if the bulls prevail, the pair could skyrocket toward $ 4,600 to $4,868.

Instead, if the price turns down and breaks below $3,745, it suggests that the bulls have given up. That could tug the price to the 20-day SMA ($3,516), where the buyers are expected to step in. If the price rebounds off the 20-day SMA with strength, the bulls will again try to pierce the overhead resistance.

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