CandleFocus Ethereum Price Rockets Up: $4,000 Target Inches Closer
2024-12-05
Author: Content Editor
The article discusses the recent price movements of Ethereum (ETH) and suggests that it is showing bullish signs. The price has risen above the $3,800 resistance level and is now stable above the 23.6% Fib retracement level. There is also a key bullish trend line forming with support at $3,800. The next major resistance level is at $3,920, and a clear move above this level could potentially send the price towards the $4,000 resistance level. On the other hand, if ETH fails to clear the $3,920 resistance, it could start another decline. The major support levels are at $3,800 and $3,750. The technical indicators, including the MACD and RSI, are also indicating bullish momentum.
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