Ethereum Price Prediction – Bulls Eye $4,400. Avoiding a Return to sub-$4,100 Key, However

At the time of writing, Ethereum, ETH to USD, was up by 4.19% to $4,165.51.

A choppy start to the day saw Ethereum fall to an early morning low $3,975.24 before making a move.

Steering clear of the first major support level at $3,857, Ethereum rallied to a late morning high $4,178.10.

In spite of the morning rally, Ethereum fell short of the first major resistance level at $4,243.

For the Afternoon Ahead

Ethereum would need to avoid a fall back through the day’s $4,102 pivot to bring the first major resistance level at $4,243 back into play.

Plenty of support would be needed, however, for Ethereum to breakout from the morning high $4,178.10.

Barring an extended crypto rally through the afternoon, the first major resistance level would likely cap the upside.

In the event of another extended rally through the afternoon, Ethereum could test resistance at $4,400 levels. The second major resistance level sits at $4,488.

A fall back through the $4,102 pivot would bring the first major support level at $3,857 back into play.

Barring an extended sell-off through the afternoon, however, Ethereum should steer clear of the 23.6% FIB of $3,738.

The second major support level sits at $3,715.

Looking beyond the support and resistance levels, we saw the 50 EMA narrow on the 100 and 200 EMAs in the late morning. We also saw the 100 flatten on the 200 pointing delivering further support.

Through the 2^nd half of the day, a further narrowing of the 50 on the 100 EMA would bring $4,200 levels back into play.

Key through the late morning and early afternoon, however, would be to avoid a fall back through the day’s $4,102 pivot.

A fall back through to sub-$4,100 levels would deliver another day of heavy losses…