Cryptolean Ethereum ETH Update

Ethereum is moving bullish, but slow within the key resistance zone of $3,837-$4,054.

A bullish break-out of $4,054 will send ETH price towards $4,569.

An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.

Intraday Chart



The ETHUSD intraday (4-Hour) chart broke through $3,938 and now is re-testing it as a support.

A bullish rejection of $3,938 will push ETH price towards $4,152 and higher.

A bearish dip to below $3,938 will slow down the price and will result in choppy price action.

Ethereum will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market.

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