$ETH Technical Analysis

Ether (ETH) has bounced back from the 20-day EMA ($3,088), indicating that the bulls are attempting to regain control.

If the closing price is above the resistance line, the advantage will shift to the buyers. In that case, the ETH/USDT pair could rise to $3,569, and further to the psychological $4,000 mark.

Conversely, if the price reverses from the resistance line and breaks through the moving averages, ETH is likely to continue fluctuating within the triangle pattern for a few more days. Bears will prevail if the price breaks through the support line, causing ETH to fall sharply to $2,623.

ETH
ETHUSDT
3,286.7
-0.28%