ETHEREUM price has started a new increase over the $ 3800 area. ETH now shows positive signs and may soon aim to move about $ 4000.
- Ethereum has started a new increase from $ 3800 and $ 3,840.
- The price is traded above 3,820 dollars and the simple moving average is 100 hours.
- There is a major climbing line formed with support at $ 3,800 on the ETH/USD (data feeding).
- The husband can start a new increase if it remains supported over the $ 3800 area in the short term.
Ethereum price starts a new increase
The price of ETHEREUM remained supported above the level of $ 3600 and started a new increase, such as Bitcoin. The price of ETH was traded above $ 3,700 and a standard resistance of $ 3,800.
There was a step above $ 3,850. The price test is $ 3900. A height has been formed at 3,904 dollars, and the price is now unifying the gains above the REERECTION level 23.6 % of the upward transition from a decrease of 3,515 dollars to an increase of $ 3,904.
ETHEREMM price is now trading above $ 3,820 and a simple moving average for 100 hours. There is also a major difficulty line formed with support at $ 3,800 on the ETH/USD.
On the upper side, the price may face resistance near the level of $ 3900. The next main resistance is located near the level of $ 3920. The first main resistance approaches the level of $ 3950. It may send a clear step over $ 3950 resistance to $ 4000 resistance.
The upper trend lounge over the 4000 dollar resistance may require more gains in the upcoming sessions. In the aforementioned case, the ether may rise towards the resistance area of $ 4,050 or even 4200 dollars in the near term.
Another decrease in ETH?
If Ethereum fails to scan $ 3920 resistance, it may start a negative correction. Initial support on the downside is near the level of $ 3,820. The first main support sits near the $ 3800 region.
The clear step may lead to 3800 dollars to pay the price to support 3,750 dollars. Any other losses may send the price to the 3700 dollar support level in the short term. The next main support sits at $ 3,640.
Technical indicators
Every MACD watch – MACD is acquired for ETH/USD momentum in the upper area.
Every RSI watch – RSI for ETH/USD is now higher than 50 regions.
The main support level – $ 3800
The main resistance level – $ 3,920
The post Ethereum Price Eyes $4K Again – Will This Be the Breakout That Sticks? first appeared on Investorempires.com.
