Ethereum Price Consolidates Above $4,320, Eyes Break Above $4,400
Ethereum Price Update
- Ethereum is consolidating above $4,320, aiming for a breakout above $4,400.
- A key bearish trend line was broken at $4,330, supporting the upward movement.
- If ETH settles above $4,380 and $4,400, further gains are anticipated.
- The price recently tested the 50% Fib retracement level from $4,450 to $4,300.
- Major resistance levels are at $4,375, $4,415, and $4,450.
- A move above $4,450 could target $4,550 and potentially $4,650.
- If it fails to break $4,415, initial support is at $4,335, followed by $4,280 and $4,240.
Hourly MACD indicates declining momentum in the bearish zone. RSI is above 50, signaling potential strength.