$ETH

🔥🔥🔥 Ethereum Price Holds Steady, $4K Remains The Goal: 🚀🚀

👀 Ethereum price is recovering higher from the $3,500 zone. ETH is showing bullish signs and might soon aim for a move above the $3,700 resistance zone.

Ethereum remained in a positive zone and stayed above the $3,500 zone.

The price is trading above $3,620 and the 100-hourly Simple Moving Average.

There was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could restart its increase if it clears the $3,700 zone.

👀 Ethereum Price Makes Fresh Increase

Ethereum price failed to clear the $3,680 resistance zone and corrected some gains like Bitcoin. ETH declined below the $3,600 and $3,550 support levels. It even retested the $3,500 support level.

A low was formed at $3,505 and the price is now attempting a fresh increase. There was a move above the $3,600 and $3,620 levels. The price cleared the 50% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low.

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