Ethereum Price Recovers Above $4,100 with Resistance at $4,250

Ethereum Price Recovery

  • Ethereum's price is recovering, moving above $4,000 and $4,100.
  • Currently trading above $4,150 and the 100-hourly Simple Moving Average.
  • A break occurred above a bearish trend line at $4,100 on the ETH/USD hourly chart.
  • Resistance levels are near $4,200 and $4,250.

Potential Movement

  • If Ethereum surpasses $4,320, it may reach $4,400, with potential to climb toward $4,450 or $4,500.
  • Failure to break $4,250 resistance could lead to a decline.
  • Support levels include $4,120, $4,100, $4,020, and potentially $3,950.

Ethereum Price

Technical Indicators

  • MACD for ETH/USD: Bullish momentum.
  • RSI for ETH/USD: Above the 50 zone.

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