Ethereum is trading at $4,156, holding firmly above the $4,000 support while facing resistance at $4,221. The altcoin king's recent consolidation reflects cautious optimism among traders.
To reach its all-time high of $4,956, Ethereum needs a 19% price increase. This requires breaking through resistances at $4,221 and $4,500. The Relative Strength Index (RSI) indicates strengthening bullish momentum, suggesting buyers are regaining control and could drive ETH higher.
However, if selling pressure intensifies, Ethereum could fall below $4,000 and target $3,872 or even $3,742. Such a decline would signal weakening demand and invalidate the bullish outlook.
To reach its all-time high of $4,956, Ethereum needs a 19% price increase. This requires breaking through resistances at $4,221 and $4,500. The Relative Strength Index (RSI) indicates strengthening bullish momentum, suggesting buyers are regaining control and could drive ETH higher.
However, if selling pressure intensifies, Ethereum could fall below $4,000 and target $3,872 or even $3,742. Such a decline would signal weakening demand and invalidate the bullish outlook.
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