Ethereum Shows Strength – Traders Eye Breakout That Could Trigger Bigger Gains 📈
Ethereum price has begun a recovery wave above $4,150, showing signs of potential gains if it surpasses the $4,220 resistance level. Currently trading above $4,150 and the 100-hourly Simple Moving Average, Ethereum is forming a bullish trend with support at $4,100 on the hourly chart of ETH/USD.
There is anticipation for a possible continuation upwards if it settles above $4,220 and $4,250 levels, with the potential to reach $4,450. However, failure to clear resistance could lead to a fresh decline towards $4,000.
Technical indicators suggest bullish momentum, with the hourly MACD gaining in the bullish zone and the RSI sitting above the 50 zone.
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