On the first day of the week, the Ethereum market displays a confident rise, which remains the most likely scenario.
Overview of Price Growth
In the last 24 hours, the price of Ethereum (ETH) has increased by 2.07%. On the hourly chart, a bullish trend is observed, raising the price towards the local resistance level of $3,820.
Current Support and Resistance Levels
On the long-term chart of the main altcoin, growth is evident. It is important to pay attention to the closing of the previous day’s candle. If the price closes around or above the peak, traders may see a rise towards the key level of $4,000.
Future Growth Prospects
From a mid-term perspective, the key level remains at $3,675. As long as the ETH price stays above this level, buyers maintain control of the market, and a test of the resistance level is possible by the end of the month.
Currently, Ethereum is trading at $3,788, suggesting a potential continuation of the upward trend in the near future.
