Ethereum Price Dips Attractive As Bulls Aim For Move Above $4,200

Mar 13, 2024 04:00 am Cryptocurrency 58

Ethereum price is consolidating near the $4,000 zone. ETH is again moving higher as the bulls seem to be aiming for a move above the $4,200 level.

Ethereum traded to a new multi-month high above $4,080 before correcting lower.

The price is trading above $4,000 and the 100-hourly Simple Moving Average.

There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could resume its increase if it clears the $4,085 resistance zone.

Ethereum Price Regains Strength

Ethereum price spiked above the $4,000 resistance zone, like Bitcoin. ETH traded to a new multi-month high above $4,050 before there was a downside correction.

The price declined below the $4,000 level, but the bulls were active near the $3,850 zone. A low was formed at $3,830 and the price is now rising. There was a move above the $4,000 resistance. The price cleared the 50% ..

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