{"id":659206,"date":"2024-12-09T03:18:18","date_gmt":"2024-12-09T03:18:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=659206"},"modified":"2024-12-09T03:00:38","modified_gmt":"2024-12-09T03:00:38","slug":"ethereum-price-struggles-4k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-struggles-4k\/","title":{"rendered":"Ethereum Price Struggles Beyond $4K: Will the Bulls Return?"},"content":{"rendered":"<p><em>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<ul>\n<li>Ethereum started a downside correction from the $4,093 high.<\/li>\n<li>The price is trading above $3,920 and the 100-hourly Simple Moving Average.<\/li>\n<li>There 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).<\/li>\n<li>The pair could start a fresh increase if it stays above the $3,840 support zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Corrects Some Gains<\/h2>\n<p>Ethereum price remained well-bid above the $3,750 support zone. ETH formed a base and started a fresh increase above $3,920 beating <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-at-crossroads-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. The bulls were able to push the price above the $4,000 resistance.<\/p>\n<p>The price tested the $4,080 resistance. A high was formed at $4,093 and the price started a <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-gears-up-4000\/\" target=\"_blank\" rel=\"noopener \">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<p>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<p>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<figure id=\"attachment_659207\" aria-describedby=\"caption-attachment-659207\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-659207\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?resize=1024%2C478\" alt=\"Ethereum Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-659207\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>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<h2>More Losses In ETH?<\/h2>\n<p>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<p>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<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,920<\/p>\n<p>Major Resistance Level \u2013 $3,980<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,840 support zone. Ethereum Price Corrects Some Gains 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. The bulls were able to push the price above the $4,000 resistance. The price tested the $4,080 resistance. A high was formed at $4,093 and the price started a downside correction. 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. 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. 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. 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. More Losses In ETH? 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. 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. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 zone. Major Support Level \u2013 $3,920 Major Resistance Level \u2013 $3,980<\/p>\n","protected":false},"author":67,"featured_media":659208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-659206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Struggles Beyond $4K: Will the Bulls Return?<\/title>\n<meta name=\"description\" content=\"Ethereum price corrected gains from the $4,080 resistance zone. 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