Ethereum Pushes Higher – Will Bulls Overcome Resistance And Extend The Rally? 📈
Ethereum price is witnessing a recovery wave, rising above $4,175 and now consolidating. If it clears the $4,240 resistance, further gains are possible. ETH has stabilized above $4,100, showing strength and trading above $4,160 and the 100-hourly Simple Moving Average.
A bullish trend line with support at $4,120 is significant, indicating potential upward movement. The price could face resistance at $4,200, with a key resistance at $4,240. Successfully breaking above $4,280 might lead to $4,320 and beyond, possibly reaching $4,450.
If resistance fails, ETH risks a decline, with initial support at $4,120 and significant support below at $3,920.
Source: www.newsbtc.com ↗
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