$ETH

Ether is facing significant resistance in the $4,000 to $4,094 zone, but a positive sign is that the bulls have not given up much ground to the bears.

The upsloping moving averages indicate an advantage for buyers, but the negative divergence on the RSI suggests that the uptrend is slowing down. If the 20-day EMA ($3,723) breaks, the ETH/USDT pair could drop to the downtrend line. Such a move is likely to delay the start of the next leg of the uptrend.

Conversely, if the price bounces off the current level or the 20-day EMA, it will signal positive sentiment. This improves the prospects of a break above $4,094. If that happens, the pair could rally to $4,500.

The moving averages on the 4-hour chart have flattened out, and the RSI is just above the midpoint, suggesting a possible range-bound action in the near term. The pair could consolidate between $4,094 and $3,500 for a while.

Buyers will have to push the price above $4,000 to increase the probability of a break above $4,094. The pair could then rally to $4,500. Alternatively, a dip below $3,500 will tilt the advantage in favor of the bears.