Can Ether break through the previous high?
Ethereum will fall back to $3.7k to retest the support zone before the price surges to $4k. Most indicators suggest that the price will see a pullback in the near future.
Ethereum (ETH) is retreating to $3700, a resistance zone that turns to support before retesting the surge to the target high of $4000. This support zone could lead to a surge in prices to the target high of $4000. However, the fair value gap below $3.7 million could act like a price magnet, pulling the price lower and potentially breaking this support. If the bearish momentum pulls the price through the support zone, a retest at the ascending trendline support is likely.
CoinMarketCap data shows that the price has fallen 2.24% in the past 24 hours and increased 2.16% in the past 7 days. The overall performance of Ethereum is bullish as investors have been eyeing the $3.7 million support level.
After the pullback, is it possible for the bulls to surge to $4000? With the passage of the Ethereum spot ETF. The hype heat is gradually decreasing. ETH price may go down again
