Ethereum Approaches Critical $4,100 Resistance Level Amid Bullish Momentum
Ethereum is approaching the significant $4,100 resistance level, showing increasing upward momentum. The cryptocurrency has gained strength after rebounding from $3,670 and is currently trading above the 100-day Simple Moving Average (SMA), indicating a bullish trend.
The positive price action reflects a shift in market sentiment favoring buyers, with growing pressure pushing Ethereum closer to this critical barrier. Traders are monitoring whether ETH can successfully breach the $4,100 resistance to sustain its bullish momentum, which may lead to further growth.
The 4-hour Relative Strength Index (RSI) supports this outlook, currently at 63%, recovering from a dip of 53%. This increase indicates rising buying pressure and suggests potential for further upside if ETH maintains its position above key thresholds.
Breaking Above The $4,100 Mark Could Spark ETH’s Next Bull Run
A breakout above $4,100 could catalyze Ethereum's next bull run, unlocking significant upside potential. This level represents both psychological and technical resistance. A successful break would indicate a shift in market dynamics, positioning bulls to target the $4,863 resistance level and beyond.
Conversely, failing to surpass $4,100 might trigger a pullback, leading to lower support levels and raising concerns about the sustainability of Ethereum’s bullish trend. Currently, Ethereum trades at approximately $3,947, with a market capitalization of $475 billion and a 24-hour trading volume of $30 billion, reflecting strong investor interest and healthy market liquidity.
