Coinidol.com: Ethereum Steadily Rises to $3,400

Ethereum's price began its upward movement after breaking above the moving average lines, reaching a high of $3,237.

Since the price drop on November 21, the largest altcoin has remained range-bound, staying above the $2,800 support but below the $3,400 resistance. The rising trend is likely to reach the $3,400 mark.

Resistance Levels: $4,500 and $5,000

Support levels: $3,000 and $2,500

On the 4-hour chart, the moving average lines are sloping upwards as Ether's bullish trend resumes. The price bars have moved above the 21-day SMA support. The bullish momentum will be halted if the price falls below the 21-day SMA support.

Ether is in an uptrend after breaking above the moving average lines on the 4-hour chart. The upward trend remains within its range, below the $3,400 barrier. Ether is currently trading above the moving average lines but below the resistance level of $3,400. The bullish trend will begin above the $3,400 mark.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is 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.