🤑Ethereum Price Surges Past $3,600 🚀 Ethereum Price Excee

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🤑Ethereum Price Surges Past $3,600 🚀 Ethereum Price Exceeds $3,600: Last night, Ethereum (ETH) surged over 20% due to rising hopes for an ETH ETF approval, surpassing the $3,500 resistance and reaching $3,721. ETH is now trading above $3,600 and the 100-hour Simple Moving Average. 📈 Resistance Levels for ETH: Immediate resistance is at $3,700, with major resistance at $3,720. Breaking $3,720 could push ETH to $3,800, $3,880, and potentially $4,000. 📉 If ETH Faces Declines: If Ethereum fails to break $3,720, it might start a downward correction. Key support levels are $3,640, $3,600, and $3,500. A break below $3,600 could lead to $3,400. 🔍 Technical Indicators: The hourly MACD is losing bullish momentum, suggesting a potential correction. The hourly RSI is correcting from 85, indicating a move out of overbought conditions and possible downward pressure. 🔮 What to Expect for Ethereum Price: Investors should monitor the $3,600 support level closely. Breaching this level could lead to significant losses. However, breaking $3,720 could renew upward momentum.

🤑Ethereum Price Surges Past $3,600

🚀 Ethereum Price Exceeds $3,600: Last night, Ethereum (ETH) surged over 20% due to rising hopes for an ETH ETF approval, surpassing the $3,500 resistance and reaching $3,721. ETH is now trading above $3,600 and the 100-hour Simple Moving Average.
📈 Resistance Levels for ETH: Immediate resistance is at $3,700, with major resistance at $3,720. Breaking $3,720 could push ETH to $3,800, $3,880, and potentially $4,000.
📉 If ETH Faces Declines: If Ethereum fails to break $3,720, it might start a downward correction. Key support levels are $3,640, $3,600, and $3,500. A break below $3,600 could lead to $3,400.
🔍 Technical Indicators: The hourly MACD is losing bullish momentum, suggesting a potential correction. The hourly RSI is correcting from 85, indicating a move out of overbought conditions and possible downward pressure.
🔮 What to Expect for Ethereum Price: Investors should monitor the $3,600 support level closely. Breaching this level could lead to significant losses. However, breaking $3,720 could renew upward momentum.