Etherum price analysis

Ether turned up from $3,730 on May 26, suggesting that the bulls have flipped the level into support.

The bulls are trying to maintain the price above $3,950. If they manage to do that, the ETH/USDT pair could rally to the stiff overhead resistance of $4,100. If bulls clear this barrier, the pair may pick up momentum and surge toward $4,868.

If bears want to prevent the upside, they will have to drag the price back below the breakout level of $3,730. That could start a decline to the 20-day EMA ($3,455), which is likely to act as a strong support. If the price rebounds off this level, the bulls will again try to propel the pair to $4,100.