Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus

Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus
фото показано с : newsbtc.com

2024-12-16 14:30

Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the bulls seem determined to reclaim control and challenge this key barrier. Historically, this level has acted as a tough hurdle for ETH, but recent price action suggests growing buyer confidence. 

As ETH edges higher, traders are keenly watching to see if this rally has what it takes to finally break through the resistance and set the stage for further gains. With the stakes high and the momentum growing, the $4,100 level could be the key to Ethereum’s next big move. Will the Bulls rise to the challenge?

Ethereum Price Approaches The Crucial $4,100 Resistance Level

ETH is currently trading above the 100-day Simple Moving Average (SMA), signaling a bullish trend. Following a strong rebound at $3,670, the cryptocurrency has gained steady upward strength, gradually approaching the $4,100 key resistance level.

This positive price action suggests that market sentiment is shifting in favor of the bulls, with increasing buying pressure pushing Ethereum closer to this critical barrier. As the price draws closer to $4,100, traders are watching closely to see if ETH can break through this resistance and sustain its bullish momentum, possibly paving the way for more growth.

Furthermore, to support this outlook, the 4-hour Relative Strength Index (RSI) reveals strong positive sentiment for Ethereum. The RSI has risen to 63%, recovering from a previous dip to 53%. Significantly, this upward movement indicates growing buying pressure and reflects a shift toward bullish momentum. 

As the RSI climbs, it suggests that Ethereum is gaining strength, with potential for further upside. Thus, if ETH continues to stay above key thresholds, the crypto asset could have the strength to push through the $4,100 resistance level.

Breaking Above The $4,100 Mark Could Spark ETH’s Next Bull Run

A breakout above the $4,100 resistance level may serve as the catalyst for Ethereum’s next bull run, unlocking notable upside potential. This level has long been a critical barrier, representing psychological and technical resistance to ETH. Should the price break above $4,100, it would signal a shift in market dynamics, with the bulls firmly in control and poised to drive Ethereum to the $4,863 resistance level and beyond.

However, it’s important to note that a failure to break through $4,100 might lead to a pullback, triggering a retreat to lower support levels. A rejection at this key level would raise concerns about the sustainability of Ethereum’s bullish momentum, prompting traders to reassess their positions.

Presently, Ethereum is trading at approximately $3,947, with a market capitalization of $475 billion. In the past 24 hours, ETH has seen a strong trading volume of $30 billion, indicating high investor interest and healthy market liquidity as Ethereum nears key resistance levels.

origin »

Resistance (RES) на Currencies.ru

$ 0 (+0.02%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -20.21 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 RES

resistance ethereum key 100 bulls steady upward

resistance ethereum → Результатов: 126


Ethereum Price Analysis: Can ETH Break Above $135 to Head Higher Or Will the Bears Push the Market Below $115?

Constantinople has been delayed. Support moving forward: $115.96, $110.46, $102.55, $101.27, $100, $93, $84.03. Resistance moving forward: $134.67, $138.29,… The post Ethereum Price Analysis: Can ETH Break Above $135 to Head Higher Or Will the Bears Push the Market Below $115? appeared first on Invest In Blockchain.

2019-1-18 11:58


Bitcoin (BTC) Price Analysis: Can Sellers Gain More Momentum?

Bitcoin might be in for further declines as it hovers around the bottom of the descending channel on the 4-hour chart. A larger bounce could still take it up to the Fib levels nearby. However, the 100 SMA recently crossed below the longer-term 200 SMA to confirm that the path of least resistance is to […] The post Bitcoin (BTC) Price Analysis: Can Sellers Gain More Momentum? appeared first on Ethereum World News.

2019-1-17 05:23


Bitcoin (BTC) Price Analysis: Time for a Pullback… Again!

Bitcoin recently broke below a short-term rising trend line to signal that a reversal might be underway. Price has found support at the $3,600 area, though, and a pullback is taking place. The 100 SMA is still below the longer-term 200 SMA on this 1-hour time frame, indicating that the path of least resistance is […] The post Bitcoin (BTC) Price Analysis: Time for a Pullback… Again! appeared first on Ethereum World News.

2019-1-15 04:11


Max Keiser: Bitcoin (BTC) Is The Currency Of Global Revolution

“Bitcoin is Currency Of Resistance”  Max Keiser has long been a Bitcoin (BTC) bull, finding first about the cryptocurrency during its earliest blocks, if you will. And since then, the American broadcaster has incorporated his love for this nascent asset class onto his and his wife’s show hosted on RT, which has been fittingly named the “Keiser […] The post Max Keiser: Bitcoin (BTC) Is The Currency Of Global Revolution appeared first on Ethereum World News.

2019-1-14 01:30