Ethereum Bulls Confront Key Resistance Level at $3,900
Ethereum’s price has shown a range of $3,746 to $3,837 in the last 24 hours. Currently standing at $3,785 to $3,816 with a market capitalization of $458 billion and a 24-hour trade volume of $10.75 billion.
On the 1-hour chart, strong support at $3,750 and resistance at $3,842 is noted. With a recent surge in volume indicating robust buying interest. The 4-hour chart reveals broader support at $3,700 and resistance at $3,885. With an upward movement showing consolidation between $3,800 and $3,840.
On the daily chart, ethereum displays strong support at $2,813 and resistance at $3,980. With a bullish trend and recent consolidation below $3,980 suggesting potential continuation or reversal. Oscillators present a mixed yet slightly bullish picture, with moving averages signaling optimism and reinforcing a positive outlook for ethereum across various time frames.
Clever Robot News Desk 4th June 2024
