{"id":1710,"date":"2024-12-09T06:00:24","date_gmt":"2024-12-09T06:00:24","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-struggles-beyond-4k-will-the-bulls-return\/"},"modified":"2024-12-09T06:00:24","modified_gmt":"2024-12-09T06:00:24","slug":"ethereum-price-struggles-beyond-4k-will-the-bulls-return","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-struggles-beyond-4k-will-the-bulls-return\/","title":{"rendered":"Ethereum Price Struggles Beyond $4K: Will the Bulls Return?"},"content":{"rendered":"<p><em>Ethereum price corrected gains from the $4,080 resistance zone. ETH is now trading below $4,000 and showing some bearish signs.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction from the $4,093 high.<\/li>\n<li>The price is trading above $3,920 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key bullish trend line with support at $3,965 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase if it stays above the $3,840 support zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Corrects Some Gains<\/h2>\n<p>Ethereum price remained well-bid above the $3,750 support zone. ETH formed a base and started a fresh increase above $3,920 beating Bitcoin. The bulls were able to push the price above the $4,000 resistance.<\/p>\n<p>The price tested the $4,080 resistance. A high was formed at $4,093 and the price started a downside correction. There was a move below the $4,050 and $4,000 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,680 swing low to the $4,093 high.<\/p>\n<p>Besides, there was a break below a key bullish trend line with support at $3,965 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,920 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $3,960 level. The first major resistance is near the $3,980 level. The main resistance is now forming near $4,000. A clear move above the $4,000 resistance might send the price toward the $4,080 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-659207\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Ethereum_aafa66.png?resize=1024%2C478\" alt=\"Ethereum Price \" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>An upside break above the $4,080 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,150 resistance zone or even $4,220.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $4,000 resistance, it could start another decline. Initial support on the downside is near the $3,920 level. The first major support sits near the $3,880 zone.<\/p>\n<p>A clear move below the $3,880 support might push the price toward the $3,840 support. Any more losses might send the price toward the $3,770 support level in the near term. The next key support sits at $3,650.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,920<\/p>\n<p>Major Resistance Level \u2013 $3,980<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price corrected gains from the $4,080 resistance zone. ETH is now trading below $4,000 and showing some bearish signs. Ethereum started a downside correction from the $4,093 high. The price is trading above $3,920 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,965&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-1710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1710"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1711"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}