Ethereum (ETH) is currently fluctuating around $4200, which is an important resistance level. From a Technical Analysis perspective, the MACD indicator on the four-hour chart is in a golden cross pattern, indicating significant buying pressure in the short term. However, it is worth noting that the DEA indicator has not fully broken through the zero axis, which means that the rise trend may need further confirmation.



At the same time, the RSI indicator has reached a high of 83, further confirming the strong buying trend in the current market. However, investors also need to be cautious, as the RSI indicator on the hourly chart shows that a brief pullback may occur.

For the upcoming trend, market participants can pay attention to the support in the range of 4140 to 4170 USD. If it stabilizes, the next rise target may point towards 4300 USD, or even near 4370 USD.

It is worth mentioning that the cryptocurrency market has recently shown a rebound trend, which may be related to the upcoming cryptocurrency ETF decision. However, investors still need to be cautious, closely monitor market trends and regulatory news, and manage risks effectively.
ETH5.58%
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CryptoDouble-O-Sevenvip
· 2h ago
When can it reach 5000 dollars?
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