{"id":26796,"date":"2024-12-09T03:18:18","date_gmt":"2024-12-09T03:18:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=26796"},"modified":"2024-12-09T03:18:18","modified_gmt":"2024-12-09T03:18:18","slug":"ethereum-price-struggles-beyond-4k-will-the-bulls-return","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=26796","title":{"rendered":"Ethereum Price Struggles Beyond $4K: Will the Bulls Return?"},"content":{"rendered":"

Ethereum price corrected gains from the $4,080 resistance zone. ETH is now trading below $4,000 and showing some bearish signs.<\/em><\/p>\n

Ethereum started a downside correction from the $4,093 high.
\nThe price is trading above $3,920 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support at $3,965 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it stays above the $3,840 support zone.<\/p>\n

Ethereum Price Corrects Some Gains<\/h2>\n

Ethereum price remained well-bid above the $3,750 support zone. ETH formed a base and started a fresh increase above $3,920 beating Bitcoin<\/a>. The bulls were able to push the price above the $4,000 resistance.<\/p>\n

The price tested the $4,080 resistance. A high was formed at $4,093 and the price started a downside correction<\/a>. There was a move below the $4,050 and $4,000 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,680 swing low to the $4,093 high.<\/p>\n

Besides, there was a break below a key bullish trend line with support at $3,965 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,920 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price seems to be facing hurdles near the $3,960 level. The first major resistance is near the $3,980 level. The main resistance is now forming near $4,000. A clear move above the $4,000 resistance might send the price toward the $4,080 resistance.<\/p>\n

<\/a><\/p>\n

An upside break above the $4,080 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,150 resistance zone or even $4,220.<\/p>\n

More Losses In ETH?<\/h2>\n

If Ethereum fails to clear the $4,000 resistance, it could start another decline. Initial support on the downside is near the $3,920 level. The first major support sits near the $3,880 zone.<\/p>\n

A clear move below the $3,880 support might push the price toward the $3,840 support. Any more losses might send the price toward the $3,770 support level in the near term. The next key support sits at $3,650.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n

Major Support Level \u2013 $3,920<\/p>\n

Major Resistance Level \u2013 $3,980<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price corrected gains from the $4,080 resistance zone. ETH is now trading below $4,000 and showing some bearish signs. Ethereum started a downside correction from the $4,093 high. The price is trading above $3,920 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,965 […]<\/p>\n","protected":false},"author":0,"featured_media":26797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26796"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26796"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26797"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}