Ethereum Targets $4000 After Testing $3500 Resistance

Ethereum holds strong at $3264 support and tests $3500 resistance. A daily close above $3500 could target $4000, while failure might retrace to $3264.

11/28/20241 min read

Ethereum holds $3264 support and tests $3500 resistance. A close above $3500 may push ETH towards $4
Ethereum holds $3264 support and tests $3500 resistance. A close above $3500 may push ETH towards $4

📊 Ethereum has successfully held the daily support at $3264 and is now testing the $3500 resistance level.
A daily close above this resistance would indicate further bullish momentum, with the next key target being $4000.

🔑 Key Levels to Watch:
👉🏼 Support: $3264 (Critical support zone, confirming buyers' strength).
👉🏼 Resistance: $3500 (Current resistance level; a daily close above it could trigger the next rally).

✅ Scenario:
🟢 Bullish Continuation: A daily candle close above $3500 could lead to a push towards $4000.
⚠️ Failing to close above $3500 might result in a retracement back to $3264.