NewsBTC
Follow
Ethereum Bulls on the Back Foot – Can Momentum Return Soon?
Ethereum's price experienced a recovery above $4,300, but momentum remains weak. The price struggles to surpass $4,450, trading below the 100-hourly Simple Moving Average and $4,400. A bearish trend line acts as resistance near $4,370. A sustained close above $4,450 is needed for a significant price increase. Resistance levels lie at $4,350, $4,370, and $4,450. Breaking $4,450 could propel the price towards $4,500 and potentially $4,620. Failure to break $4,450 might trigger a decline. Support levels exist at $4,280, $4,250, $4,215, and $4,160. Technical indicators like the MACD and RSI suggest bearish sentiment.
