The Ethereum price has seen a decent increase and is now consolidating gains above the $3,900 zone. It has climbed above key resistance levels at $3,920 and $3,980, with a break above a bearish trend line at $3,900. The price reached a high of $4,019 and is currently consolidating its gains above the $3,880 support level. On the upside, it faces resistance at $4,000, with the main resistance forming at $4,050. An upside break above $4,150 could lead to further gains, while a failure to clear the $4,000 resistance could result in another decline. The immediate support levels are at $3,920 and $3,880, with further support at $3,840 and $3,750. The technical indicators, MACD and RSI, are both showing bullish momentum, with the RSI above the 50 zone.



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