Ethereum Price Rises Above $4,120 Amid Bullish Trend

Ethereum is showing signs of recovery, trading above $4,120 and the 100-hourly Simple Moving Average.

  • A bullish trend line supports the price at $4,150 on the hourly chart of ETH/USD.
  • A resistance level is expected near $4,250, with key resistance around $4,400.
  • If Ethereum moves past $4,400, it might reach $4,500 or higher.
  • Failure to clear $4,300 could trigger a decline, with initial support at $4,150.
  • A drop below $4,120 may push the price toward $4,050 or lower.

Technical indicators indicate bullish momentum:

  • Hourly MACD: Gaining momentum in the bullish zone.
  • Hourly RSI: Above the 50 zone.
  • Major Support Level: $4,150
  • Major Resistance Level: $4,300

Ethereum Price