Ethereum (Complete Technical Analysis)

Ethereum is seen trying to maintain its support position above the $ 3,800 support. In this case, to climb to higher levels, you still have to pass the resistance levels of $ 3,900 and $ 3,950.
Ethereum started a new uptrend across the $ 3,750 resistance level. The uptrend was exacerbated by breaking the $ 3,800 resistance and maintaining a 100-hour moving average.
The ETH / USD pair's hourly chart shows a break above the uptrend line of the triangular pattern with a resistance of around $ 3,820. The Ethereum continued to jump above $ 3,880, but as it approached the $ 3,920 resistance, it was no longer bullish. As a result, correction began after the conquest of the $ 3,900 peak.
Ethereum returned below $ 3,850 during this correction. Support for the 23.6% Fibonacci retracement level was also lost from $ 3,742 to $ 3,900.
Ethereum ) is currently trading above the $ 3,800 price moving average. In this position, the nearest resistance level is upstream around $ 3,900.
The $ 3,920 level is the key resistance; Crossing it will pave the way for overcoming the $ 4,000 psychological resistance. In this case, up to $ 4,120, there is no obstacle in front of the cows.
But if Ethereum fails to cross the key resistance, there is a possibility of correction. In this case, the nearest downstream support level is around $ 3,820; Exactly where the 50% Fibonacci level has fallen. The further fall of ETH will send support to $ 3,780 and the moving average, followed by key support at $ 3,750.