On an hourly timeframe, the nearest resistance level upstream was considered to be around $4,730. The next significant resistance is observed at around $4,750. Exceeding this resistance range will probably be the beginning of the formation of a new upward movement. The above $4,800 range is the key resistance. A further ascent soon will make the conditions for moving to the $5,000 psychological range promising.
But if ETH fails to cross the $4,750 resistance level, a bearish correction is possible. In this case, the nearest downstream support level is around $4,680.
But if ETH fails to cross the $4,750 resistance level, a bearish correction is possible. In this case, the nearest downstream support level is around $4,680.
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