Ethereum Price Analysis: Holding Strong, Eyes Set on $4,000

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Ethereum (ETH) is showing signs of strength as it continues to trade above $3,780, maintaining solid momentum in the market. 

ETH Chart (Source Coingecko)

On the 4-hour timeframe, ETH is holding above the EMA 50, which reflects continued bullish support from traders.

Technical Indicators:

  • MACD (Moving Average Convergence Divergence): Still positive, confirming bullish momentum and potential upside movement.
  • RSI (Relative Strength Index): Currently in the overbought zone, suggesting that ETH may see some short-term consolidation or correction before continuing higher.

🛑 Key Support and Resistance Levels:

  • Support: $3,680 — This is a strong demand zone. As long as ETH holds above this level, the bullish structure remains intact.
  • Resistance: $3,830 — A key level to watch. If Ethereum breaks above this, it opens the door for a potential rally toward $4,000.

What’s Next for ETH?

If the current momentum continues and Ethereum manages to flip the $3,830 level into support, a breakout toward the $4,000 psychological zone looks highly likely. However, traders should monitor the RSI and wait for a confirmed breakout before entering high-leverage positions.

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