Ethereum Shows Strength – Bulls Aim Higher As ETH Eyes Potential Outperformance 📈
Ethereum has initiated a recovery phase, climbing above the $4,120 mark. Bullish trends suggest further price advancements, potentially reaching $4,400 or higher.
The price is supported by a bullish trend line at $4,150, as ETH trades above the 100-hour Simple Moving Average. Key resistances are identified at $4,300 and $4,400 levels, with further gains projected if these are breached.
Conversely, failure to break through could result in a decline, with support levels at $4,150 and $4,120. Ethereum's technical indicators display a bullish trend with the MACD in the positive zone.
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