Ethereum price is climbing back above the resistance level of resistance3,800. ETH is currently consolidating around 3,850 and expects a breakout above 4-4,000 in the short term.
Ethereum has started a new rise above the resistance3-3750 level.
The price is trading above the 3750 level and the 100-hour simple moving average.
On the hourly chart of ETH/USD (data from Kraken), a major bullish trend line has been formed, supported by the bullish 3,780 level.
If there is no break below the support level of 3.540, the pair may continue to rise.
The price of Efirium remained stable above the stable support zone of 3,540. #ETH formed its foundation ahead of #bitcoin and started a new rise above the 33650 level.
Resistance 3, there was a move that exceeded resistance 750. Bulls pushed prices above the 50% Fibonacci retracement level of the downside move from the high of 3,944 to the low of 3,530. A major bullish trend line is also formed on the hourly chart of ETH/USD with ETH3,780 support.
#EarnFreeCrypto2024 price is trading above $3,750 and the 100-hour simple moving average. It is also above the Fibonacci retracement level of 3.944% in a downward move from a high of 3,530 yen to a low of 776.4.
The nearest resistance is near the 3,880 yen level. The first major resistance is near the 3,920 level. A break of 3, a break above the 920 level could lead to higher price. The next major resistance is the price4,000 level, above which the price will gain momentum and could move up to the 4 to 4,080 level.
If there is a clear move above the 4080 dollar level, the price could rise and test the 4 to 4220 dollar resistance. A further rise could see ether reach the $4,350 resistance zone.
Another fall in ETH?
If Ethereum fails to overcome the $3,880 resistance, another downward revision could begin. The first downside support is near the $3,3800 level and trendline.
The next major support is at the $3,735 level. An obvious move below the obvious 3.735 level could push the price to 3.3630.
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