🚀 Ethereum Gears Up for a Comeback — Is the Next Big Rally
TopCryptoNews
Updated at: 18 hours ago
{"content":"🚀 Ethereum Gears Up for a Comeback — Is the Next Big Rally Just Ahead? 🔥
Ethereum battled above $3,940. ETH is consolidating gains and may shortly reach $4,000.
Ethereum rose again over $3,840 and $3,880.
The price is over $3,800 and the 100-hour SMA.
The hourly ETH/USD chart shows a negative trend line with resistance at $3,840.
If supported over $3,725, the pair may rise again.
Ethereum Price Supports
Ethereum struggled to break $3,940, like Bitcoin. From $3,939 high, ETH fell below $3,900.
The price fell below $3,820 support and the 23.6% Fib retracement line of the rise from $3,515 swing low to $3,939 high. The hourly ETH/USD chart shows a negative trend line with resistance at $3,840.
However, price remains stable above $3,720 support and the 50% Fib retracement line of the upward advance from $3,515 swing low to $3,939 high. Ethereum is over $3,800 and the 100-hour SMA.
Price may find resistance at $3,840 on the upside. Near $3,880 is the next resistance. At $3,940, serious resistance begins. A clean break over $3,940 might push the price above $3,965.
Above $3,965 barrier might lead to greater advances in the following sessions. Ether may soar to $4,000 or $4,120 soon.
Another ETH Drop?
Ethereum may fall if it fails to break $3,840. Around $3,720 is first downside support. Near $3,680 is the first big support.
A decisive break below $3,680 might bring the price toward $3,650. If losses continue, the price may reach $3,550 support. Next important support is $3,420.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly RSI: ETH/USD is below 50.
Major Support: $3,720
Major Resistance: $3,840
#ETH #EthereumTurns10 #ETHCorporateReserves #ETHReclaims3800 $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/30/bb6ffe01aa634898b2fbfc45da2267d9.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}