Like the entire crypto market, BITSTAMP:ETHUSD has initiated a much-needed correction since mid-March. After an initial dive to the 3k zone, Ethereum recovered and made a local high at 3.6k. Subsequently, another drop occurred, but bulls held strong at the 3.2k zone, establishing a solid floor. At the time of writing, the price is near 3.4k, and bulls appear to be in control. I anticipate a continuation to the upside, with a new test of the 4k resistance level. I will maintain my bullish stance as long as the price remains above 3.2k in terms of daily closing.
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Eth has risen, as expected Now is facing interim resistance and a breath of this level would expose 4k
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Ethereum has cleared 3650 zone resistance. The focus is now on 4k important zone
Very good analysis, but looking at the price action, I would not be surprised if it falls a little more before finally going up to the levels you have mentioned