Ethereum has maintained its position above the $4,000 mark, following a recent surge that saw the cryptocurrency reach a high of $4,252. The price is currently consolidating around $4,080, supported by the 100-hourly Simple Moving Average. Key resistance levels are identified at $4,200 and $4,250, while support is found near $4,050 and $4,080.
Technical indicators suggest a potential slowdown in bullish momentum, with the MACD showing signs of weakening in the bullish zone and the RSI falling below the 50 level. Traders are watching these levels closely as Ethereum navigates this short-term positive zone.
Ethereum Holds Above $4,000 as Bullish Momentum Slows
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