Will the Next $4000 Level Be Attained Soon?

20 lug 2024

The ETH has been managing its $2900 support for quite a long time; after the deterioration in June 2024, the price uplifted from the same support, which showed its credibility.
Based on the recent price study, the ETH aimed at $4000, and has taken a short pullback recently, and lately got backing from 50-day EMA. MACD histogram has surged, which is at 54.5, and RSI jumped above the median line, depicting the chances of momentum going to explode soon.
At press, the price growth remains flat on intraday, where it last traded at a price of $3498.0. The resistances are $3600 and $3750, respectively, and the supports are $3380 and $3240, respectively.