Ethereum Rises as Buyers Approach the Hurdle at $3,960

Ethereum (ETH) Current Statistics
The current price: $3,906.29
Market Capitalization: $469,277,872,318
Trading Volume: $18,604,108,595
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis May 28, 2024
The Ethereum (ETH) price is trading above the $3,800 support as buyers approach the hurdle of $3,960. The largest altcoin is being rejected at the $4,000 overhead resistance. In prior price activity, bears have defended the $3,700 to $4,080 price range.

On the upside, if the bulls conquer the $4,084 resistance level, Ether will surge to a high of $4,864. Currently, Ether is trading above the $3,800 support level. The altcoin will fall if the bears break below the $3,800 support level. The cryptocurrency will plummet to a low of $3,400.In the meantime, the altcoin is currently valued at $3,881.

ETH Technical Indicators Reading
Ether is in a mild retracement, with price bars remaining above the moving average lines. Following the current price rebound, the downward moving average lines have shifted upward. On May 23, the candlestick features a long wick and a long tail. This shows that bulls and bears were in a price battle before the price closed at $3,787.

Conclusion
Ether is currently trading sideways as buyers approach the hurdle of $3,960. The altcoin is currently trading between $3,700 and $4,000, with resistance at the latter level. The crypto price corrected twice, reaching a high of $3,900 before sliding above the moving average lines. Ether has retraced but stays above the $3,800 support.

Ether’s crypto signal is fluctuating as it consolidates above the $3,800 support.

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