Ethereum Price Surges Above $4,000, Eyes $4,250 Resistance
Ethereum Price Update:
- Ethereum price increased above $4,000 and $4,120, consolidating gains.
- Currently trading above $4,080 and the 100-hourly Simple Moving Average.
- A bullish trend line forms with support at $4,055 on the ETH/USD hourly chart.
Key Resistance and Support Levels
- Resistance levels: $4,180, $4,200, $4,250, and potentially $4,320.
- Support levels: $4,080, $4,050, with further support at $3,980 and $3,840.
If Ethereum breaks above $4,250, it may target $4,320 or higher. Conversely, failure to clear $4,200 could lead to a decline towards $3,980 or lower.
Technical Indicators
- Hourly MACD: Losing momentum in the bullish zone.
- Hourly RSI: Below the 50 level.