Ethereum

Convergence

Bitcoin

Resistance

Divergence

<ul> 
 <li>Ethereum’s value surged alongside Bitcoin’s rise past $70,000, reflecting positive market sentiment.</li> 
 <li>Despite experiencing a correction after trading within a narrow range, Ethereum’s price hints at bullish momentum.</li> 
 <li>If Ethereum maintains support above $3,472.75, it could test resistance levels at $3,666.11 and $3,881, while a trend reversal may lead to testing support at $3,274.</li> 
</ul> 
<p><a href="https://thenewscrypto.com/?s=ethereum" target="_blank" rel="noreferrer noopener">Ethereum</a> recently gained value as Bitcoin surged past the $70,000 level. This surge in Ethereum’s price comes as the highly anticipated Bitcoin Halving event draws closer, with the consolidated market sentiment suggesting a rise in the number of Hodlers, highlighting a positive outlook for the crypto space in the upcoming months.</p> 
<p>The bullish sentiment surrounding Ethereum has reignited interest among investors and traders, who are closely monitoring the cryptocurrency’s price action for potential opportunities.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="540" src="https://thenewscrypto.com/wp-content/uploads/2024/04/image-26-1024x540.png" alt="" class="wp-image-95687" srcset="https://thenewscrypto.com/wp-content/uploads/2024/04/image-26-1024x540.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/04/image-26-300x158.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/04/image-26-768x405.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/04/image-26.png 1440w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="h-ethereum-price-hints-at-bullish-momentum">Ethereum Price Hints at Bullish Momentum</h2> 
<p>Ethereum’s price fluctuated within a narrow range of $3,881 to $4,068 for more than a week, but then faced a downward pressure, leading to a correction of 22.59% over the subsequent seven days. However, following a dip to $3,149, buyers regained momentum, resulting in a 12.25% increase before encountering resistance around the $3,472 mark.</p> 
<p>Subsequently, Ethereum’s price has been consolidating within the range of $3,274 to $3,666, indicating a lackluster performance for the leading altcoin in the cryptocurrency market. Despite this consolidation, technical indicators suggest the possibility of a bullish breakout in the near future.</p> 
<p>The Cross EMA 50/200-day displays a high possibility of a Golden Cross, signaling a strong bullish outlook for Ethereum in the coming time. Additionally, the Moving Average Convergence Divergence (MACD) shows a constant green histogram, highlighting increased buying pressure over selling pressure in the market.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-potential-price-targets-and-resistance-levels">Potential Price Targets and Resistance Levels</h2> 
<p>If ETH’s price remains above the support level of $3,472.75, bullish sentiment is likely to persist, with the possibility of testing the resistance level of $3,666.11 by the upcoming weekend. Sustaining this level could pave the way for Ethereum to aim for its higher level of $3,881 in the following week.</p> 
<p>However, in the event of a trend reversal, where bullish momentum wanes, the price may decline and test the support level of $3,274 this week. Should bears maintain control, Ethereum’s price could further decrease, possibly testing its lower support level of $3,149.</p>

Can Ethereum (ETH) Push Past $4,000 Post Bitcoin Halving?

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