š„Ethereum Price Consolidates As Bulls Aim Above $4Kš„
š„Ethereum rose to $3,900. ETH is holding gains and may break $4,000 resistance.
š„Ethereum reached a multi-month high over $3,880.
The price is over $3,700 and the 100-hour SMA.
š„ETH/USD's hourly chart shows a short-term bullish flag formation with resistance at $3,850
The pair might rise again if it breaks $3,850 barrier.
š„Ethereum Price Risesš„
Ethereum rallied over $3,750 like Bitcoin. BTC failed to break $69,200, while ETH reached $3,850.
š„It began consolidating after reaching a multi-month high over $3,880. A pullback occurred below $3,800. Price challenged the 23.6% Fib retracement level of the current $3,211 swing low to $3,898 high wave.
š„Ethereum has surpassed $3,700 and the 100-hour SMA. The $3,850 level represents immediate upward resistance. The hourly ETH/USD chart shows a short-term bullish flag formation with resistance at $3,850.
š„At $3,880, serious resistance begins. It may rally over $3,920, the next big obstacle. Bulls may halt at $4,000 next. Ether might climb to $4,080 if it breaks $4,000 barrier. Any more advances might challenge $4,120.
š„Another ETH drop?š„
š„Ethereum may fall again if it fails to break $3,850. Around $3,740 is first downward support.
š„Around $3,650 is the first substantial support. The $3,550 zone or the 50% Fib retracement level of the current wave from $3,211 swing low to $3,898 high may be next support. A decisive break below $3,550 might push the price below $3,400. More losses might push the price near $3,320.
š„Tech Indicators
š„Hourly MACD - ETH/USD MACD is losing bullish momentum.
š„Hourly RSI: ETH/USD is over 50.
š„Major Support: $3,650
š„Major Resistance: $3,850
#TrendingTopic #BTC #ETH $ETH
