Ethereum Price Update: Breakout Coming?

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Ethereum is currently trading at $3,705 and holding above the EMA50 on the 4-hour chart.

Ethereum Chart (Source Coingecko)

This is a positive sign showing strong buying interest.

Although the RSI is in the overbought zone, which means the price might slow down or pull back slightly, the MACD is still positive, supporting the possibility of more upward movement.

The key level to watch is $3,755. If Ethereum breaks above this resistance, it could quickly move towards the $4,000 zone.

Summary:

  • Current price: $3,705
  • Above EMA50 – bullish sign
  • RSI is overbought – short-term caution
  • MACD is positive – supports further gains
  • Resistance to break: $3,755
  • Next possible target: $4,000

Ethereum is looking strong. If it breaks $3,755 with good momentum, we may see a smooth rally ahead.

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