CandleFocus Ethereum Price Struggles Beyond $4K: Will the Bulls Return?
2024-12-09
Author: Content Editor
The price of Ethereum has seen a correction after facing resistance at $4,080. It is now trading below $4,000 and showing bearish signs. However, it remains above the $3,750 support zone and is trading above the 100-hourly Simple Moving Average. If it can clear the $4,000 resistance, it may move towards the $4,080 resistance. On the other hand, if it fails to clear the resistance, it could start another decline with initial support at $3,920 and major support at $3,880. The MACD is losing momentum in the bullish zone, and the RSI is below 50.
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