Ethereum Price Prediction: Is the path for ETH to reach 4000 dollars smooth and unobstructed?

Ethereum price has broken through $3,800 and is currently showing strong pump momentum, potentially continuing towards the $3,950 area. ETH has surpassed multiple resistance levels, and as it continues to rise, the market's focus shifts to the key resistance level of $4,000. If it breaks through this level, ETH may welcome a larger rise.

Ethereum price has once again broken through $3,800, showing strong pump momentum.

Ethereum price starts to break through the $3,650 area and shows significant pump momentum, surpassing Bitcoin's rise. ETH price successfully breaks through the $3,750 resistance level, remains in a positive range, and ultimately breaks through $3,800, testing the $3,860 area.

Currently, the ETH price is stabilizing above $3,700, and the 100-hour simple moving average (SMA) is also showing bullish signals. The ETH price is currently consolidating above the 23.6% Fibonacci retracement level, specifically from the low of $3,031 to the high of $3,859.

key support and resistance level

The upward resistance level for ETH is mainly located in the $3,800 and $3,860 regions, while $3,920 is the first significant resistance. If ETH breaks through the $3,920 resistance, the price may quickly attempt to rise towards $3,950 or even $4,000.

If it breaks through the resistance level of $4,000, ETH may welcome a stronger pump. Technical analysis shows that ETH could approach the level of $4,200.

Is the downside risk of ### ETH limited?

Despite Ethereum currently showing a rising trend, if it cannot break through the $3,800 resistance, a certain pullback may occur. The initial support level is at the $3,720 area, while $3,650 is the first major support level.

If the price breaks below $3,620 support, it may drive the price further down to the $3,550 resistance level. If it continues to decline, the price could further retreat to the $3,450 level, and may even reach the $3,320 support.

technical indicators

• Hourly MACD: The MACD for ETH/USD is losing momentum in the bullish zone.
• Hourly RSI: The RSI of ETH/USD has fallen below the 50 range.
• Main support level: $3,650
• Main resistance level: $3,860

Conclusion: The pump momentum of Ethereum remains strong. After breaking through $3,800, ETH may continue to challenge higher price levels. If it breaks through $3,950 or even $4,000, a bigger pump may occur. Investors should follow the price movements and closely monitor the changes in support and resistance levels to prepare for further price fluctuations.