🚀 Ethereum Rebounds With Power — Is $4,000 the Next Stop?
koinmilyoner
Updated at: 21 hours ago
{"content":"🚀 Ethereum Rebounds With Power — Is $4,000 the Next Stop?
Around $3,680, Ethereum gained support. ETH is increasing and may soon reach $4,000.
Ethereum rose again over $3,740 and $3,800.
The price is above $3,820 and the 100-hour SMA.
The hourly ETH/USD chart broke above a negative trend line with resistance at $3,810.
If sustained over $3,800, the pair may rise again.
Ethereum Price Expects Gains
Like Bitcoin, Ethereum fell from $3,940. Below $3,900 and $3,800 support levels, ETH fell.
Bears even took the price below the 50% Fib retracement line of the $3,515 swing low to $3,940 high. The price fell below $3,700 and the 100-hourly SMA. Support zone $3,680 was tested.
Bulls defended the 61.8% Fib retracement level of the $3,515 swing low to $3,940 high. The price is climbing over $3,750 again. The hourly ETH/USD chart broke above a negative trend line with resistance at $3,810.
Ethereum is over $3,820 and the 100-hour SMA. Price may find resistance at $3,880 on the upside. Near $3,920 is the next major resistance. At $3,940, serious resistance begins. A clean break over $3,940 might push the price above $3,980.
Above $3,980 barrier might lead to greater advances in the following sessions. Ether may soar to $4,050 or $4,120 in the short future.
Another ETH Drop?
Ethereum may fall if it fails to break $3,880. Around $3,800 is first downside support. Near $3,720 is the first big support.
A decisive break below $3,720 might bring the price below $3,680. More losses might push the stock toward $3,565 support. Next important help is $3,500.
Tech Indicators
Hourly ETH/USD MACD is rising in the positive zone.
Hourly ETH/USD RSI is over 50.
Major Support: $3,800
Major Resistance: $3,880
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