#ETHOnTheRise $ETH

Ethereum Bulls Are Leading: $4K Is Reachable

The price of Ethereum is soaring above $3,600. There are encouraging signs that suggest ETH might break through the $3,800 barrier zone.
It was up from $3,550.
The cost exceeds both the 100-hour SMA and $3,550.
With support at $3,700, the hourly ETH/USD chart displays a positive trend line.

If the pair breaks $3,750, it may increase once again.
The price of Ethereum is expected to rise.

Like Bitcoin, Ethereum's price increased and remained above $3,350. The $3,450 and $3,550 barriers were broken by ETH.

The price was pushed above $3,700 by bulls. The price surpassed $3,748 and is now consolidating gains. Below $3,720, prices started to decline. From the $3,572 swing low to the $3,748 high, the price fell and confronted the rising wave's 23.6% Fib
retracement line.

On the upside, the price can encounter resistance at $3,740. Approximately $3,750 is the first significant barrier. The main obstacle is roughly $3,800. The price may rise above $3,880 if there is a clear break above $3,800. Greater progress in the upcoming sessions could result from breaking the $3,880 barrier. Ether might rise to $3,940 or $4,000 in this scenario.

Correction of the ETH Downside?
If Ethereum doesn't break $3,750, it might drop once again. The initial level of support for the downside is $3,700. Approximately $3,675 is the first significant support.

The price may approach $3,640, the 61.8% Fib retracement level of the rising wave from the swing low of $3,572 to the high of $3,748 if there is a clear break below the $3,675 support. The price can hit the $3,570 support level if losses persist. $3,550 is the next significant support.


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