🚀 Ethereum price hits a wall, but the bulls still have a chance! 🚀
Ethereum (ETH) recently attempted to break through the $4000 mark but failed, and the price is now experiencing a slight pullback. The ETH price has fallen below several key levels, and it appears that it may continue to decline in the short term.
From the chart, the price of ETH has breached an important upward trend line, with the current key support level around $3820. If this position cannot hold, ETH may continue to explore downward, potentially falling to $3650 or even lower.
In terms of technical indicators, both the MACD and RSI for ETH show that the sellers are currently strong. If the price cannot regain the $3900 level, it may continue to decline in the short term.
However, if ETH can break through $3900, it may challenge $3970 again, or even the $4000 mark. Once broken, ETH may continue to rise, with the next targets potentially being $4120 or $4250.
So, we need to closely monitor market dynamics and seize trading opportunities. Let's see if Ethereum can once again challenge the $4000 mark.
Key Point: The bull is still here! The bull is still here!! The bull is still here!!!
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