$ETH ETH could continue to rise and surpass $4200 in the near future.

ETH is currently consolidating near $3,880 and could continue to move higher in the near term.

Ethereum started another increase above the $3,850 resistance.

The price is trading above $3,850 and the 100 SMA.

There is a key bullish trend line forming with support at $3,860.

ETH could continue to rise and test the $4,000 resistance area in the near term.

Ethereum price targets $4,000

Ethereum price remains supported above the $3,650 support zone. ETH started another bull run and climbed above $3,750.

There was a move above the $3,850 resistance. The bulls pushed the price above the resistance at $3,940. It trades near the $4,000 resistance level. A high was formed near $3,973 and the price is currently correcting gains. There was a minor decline below the $3,920 level.

The price fell below the 23.6% Fib retracement level of the upward move from $3,630 to $3,973. Ethereum price is trading above $3,850 and the 100 SMA. There is also a key uptrend line forming with support at $3,860.

Immediate resistance is near the $3,940 level. The first major resistance is near the $3,970 level. A break above the $3,970 resistance could send the price higher. The next key resistance lies at $4,000, above which the price could gain traction and rally to $4,080.