Ether Price Don Bounce Pass $3,500, Dem Deye Eye $3,900 Resistance
Ether price don recover pass $3,500 after weekend wey people sell because of big economic wahala dem, like no change for Federal Reserve rates, weak Nonfarm Payroll data, and talk about tariff come back. The second biggest cryptocurrency drop to $3,359 before e find support near the 78.6% Fibonacci retracement level at $3,392. Technical indicators for 4-hour chart show say RSI dey climb from neutral place and MACD lines dey ready for bullish crossover. As bulls dey defend the $3,300 zone, steady recovery fit push ether price go next resistance at $3,730 and fit reach monthly high near $3,931. But if new correction happen, e fit make am test support around $3,170 again. Traders suppose dey watch ETF outflows and US economic data for signs about short-term momentum.
Bullish
Di rebound wey happen pass di 78.6% Fibonacci retracement for $3,392 plus di positive momentum indicators dey show say ether price get chance to climb. Di past patterns dey show say wen RSI recover from neutral level and MACD cross bullish for di 4-hour chart, Ethereum dey usually continue to gain reach important resistance areas. Even though macroeconomic data and ETF flows dey cause wahala, steady support for $3,300 fit make am possible to push go $3,730 and fit even hit di monthly high near $3,931. Dis one match previous times wey Ethereum bounce back strong after plenty sell-off for weekend, giving short-term traders chance to enter and make long-term holders dey confident.