CandleFocus Ethereum Gears Up for a Record High: Can It Break Through?
2024-12-17
Author: Content Editor
The Ethereum price has seen a decent increase and is consolidating gains above the $3,950 level. It has climbed above several resistance levels, including $4,000 and $4,080. However, it is now facing hurdles near the $4,025 level and the main resistance is forming near $4,120. A clear break above this resistance could lead to further gains towards the $4,250 and even $4,500 levels. On the downside, initial support is at $3,980, followed by $3,940. If the price fails to clear the $4,120 resistance, it could start another decline, potentially reaching support levels at $3,880 and $3,800. The MACD and RSI indicators suggest bullish momentum for ETH/USD.
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