Ethereum Price Jumps To $4,400 – Can Bulls Extend Rally Even Higher? 📈
Ethereum's price has seen a steady increase, moving above $4,320. The cryptocurrency is currently consolidating, and if it successfully clears the $4,400 resistance, it may aim for further gains. Ethereum remained stable above $4,250, starting a recovery wave that could continue if the $4,400 and $4,420 levels are breached.
The price surged over 5%, with a high formation at $4,400, and continues to trade above key resistance levels. A clear move above the $4,500 resistance might push it toward $4,550 and potentially up to $4,720 or $4,800.
In contrast, if the price cannot break the $4,400 resistance, it may decline again, with initial support around $4,320 and major support near $4,250. Further dips could see it move towards $4,200 or even $4,120.
The technical indicators show bullish momentum, with the MACD gaining in the bullish zone and the RSI standing above 50. Major support and resistance levels are at $4,320 and $4,400, respectively.
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