Ethereum Price Analysis: ETH Could Rally If It Clears $4K. Ethereum price is recovering above $3,900 against the US Dollar.
21 Dec 2021, 08:00
Ethereum Price Analysis: ETH Could Rally If It Clears $4K
Ethereum price is recovering above $3,900 against the US Dollar. ETH/USD could start a steady increase if there is a clear move above $4,000.
Ethereum Price AnalysisRecently, ethereum saw a fresh decline from well above $4,000 against the US Dollar. ETH price traded below the $4,000 support and moved into a bearish zone.
There was also a move below the $3,720 level and the 55 simple moving average (4-hours). A low was formed near $3,660 and the price is now correcting losses. The price recovered above the $3,800 resistance level. There was a move above the 23.6% Fib retracement level of the key decline from the $4,490 swing high to $3,660 low.