Ethereum is trading at $4,156, holding firmly above the $4,000 support while facing resistance at $4,221. The altcoin king's recent consolidation reflects cautious optimism among traders.
To reach its all-time high of $4,956, Ethereum needs a 19% price increase. This requires breaking through resistances at $4,221 and $4,500. The Relative Strength Index (RSI) indicates strengthening bullish momentum, suggesting buyers are regaining control and could drive ETH higher.
However, if selling pressure intensifies, Ethereum could fall below $4,000 and target $3,872 or even $3,742. Such a decline would signal weakening demand and invalidate the bullish outlook.
To reach its all-time high of $4,956, Ethereum needs a 19% price increase. This requires breaking through resistances at $4,221 and $4,500. The Relative Strength Index (RSI) indicates strengthening bullish momentum, suggesting buyers are regaining control and could drive ETH higher.
However, if selling pressure intensifies, Ethereum could fall below $4,000 and target $3,872 or even $3,742. Such a decline would signal weakening demand and invalidate the bullish outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.