Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus

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Ethereum Bulls Aim For $4,100 As Key Resistance Comes Into Focus - NewsBTC

Quick Summary:

Historically, this level has acted as a tough hurdle for ETH, but recent price action suggests growing buyer confidence. As ETH edges higher, traders are keenly watching to see if this rally has what it takes to finally break through the resistance and set the stage for further gains.

Should the price break above $4,100, it would signal a shift in market dynamics, with the bulls firmly in control and poised to drive Ethereum to the $4,863 resistance level and beyond.

Ethereum Price Approaches The Crucial $4,100 Resistance Level ETH is currently trading above the 100-day Simple Moving Average (SMA), signaling a bullish trend.