CandleFocus Ethereum (ETH): Is $4,000 Still Possible?
2024-12-13
Author: Content Editor
This news content discusses the recent attempt to break Ethereum's psychological resistance of $4,000 and its implications for the asset's performance. While Ethereum has been steadily rising, the rejection at $4,000 raises questions about its short-term trajectory. The current price is just below the target at $3,915, with a bullish price structure evident. However, the rejection indicates strong selling pressure, potentially leading to a brief retracement. The key support level to watch is around $3,610, with the possibility of further drops towards $3,217 if broken. Breaking through $4,000 could lead to a rally towards $4,300 and $4,500. The RSI indicator is still in bullish territory, but there are signs of possible divergence. Traders should monitor price movement around these crucial levels for Ethereum's future momentum.
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