Ethereum Rises, But Does Not Cross The $3,750 Hurdle

The latest price analysis by Coinidol.com report, the price of Ethereum (ETH) has resumed its uptrend after rising above the moving average lines.

Long-term analysis of the Ethereum price: bullish

Since December 26, 2024, the price of the cryptocurrency has been hovering above the $3,300 support before recovering. The altcoin currently stands at $3,730 and is expected to reach $4,094. If the upward momentum breaks through the resistance level at $4,094, Ether will reach a new high of $5,200. On the other hand, Ether will be forced to trade in a range above the moving average lines and the resistance level at $4,094, which has not yet been breached. In the meantime, the uptrend encounters a first resistance at a high of $3,750. At the time of writing, Ether is valued at $3,730.

Ethereum indicator analysis

Following the current price rally, Ether price bars have risen above the moving average. The most popular altcoin is likely to continue rising as long as it is in the uptrend zone. On the 4-hour chart, the horizontal moving average lines are sloping upwards, indicating an uptrend. The doji candlesticks appear when the cryptocurrency is steadily rising upwards.

Technical indicators:

Key resistance levels – $4,000 and $4,500

Key support levels – $3,500 and $3,000

What is the next direction for Ethereum?

On the 4-hour chart, Ether price is in an upward correction but has stopped at the $3,750 resistance. Further gains are possible as Ether is trading in the positive trend zone. On the upside, Ether will rise to a high of $4,000 if it breaks through the $3,700 and $3,900 resistances.

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.