Ethereum (ETH) Price Ranges Above $4000 Level!

• While it is still feasible for the asset to go below $4000.
• Traders have a better possibility of entering the market at a reduced cost.

At $4742, Ethereum’s price has recently broken over an immediate obstacle northward from a symmetrical triangle. Although the price went below $4000, it quickly recovered. ETH’s price is already growing and is on track to surpass $4100, possibly increasing to $4250.

Around $4250, the second-largest cryptocurrency, is projected to test one of the most crucial resistance zones. While it is still feasible for the asset to go below $4000, it is unlikely to do so before the ATH highs. As a consequence, traders have a better possibility of entering the market at a reduced cost.

According to a notable analyst, if the ascending parallel channel continues intact, the ETH price may revert to the channel’s bottom zone. Furthermore, another popular analyst @IamCryptoWolf mentioned ETH 2.0 launch as the game changer and put ETH in the top spot.

Excellent Buy for Investors

The expert believes the asset might fall to the $3880-3671 liquidity zone in the coming days. Additionally, if Ethereum reverts to these levels, it may regain the necessary strength and support. The asset is an excellent buy between $3700 and $3600. As a consequence, when the price approaches the lower trend line, it may reverse.

The flip may remain challenging, as the price of ETH must first break through the downtrend line by surpassing $4190. If Ethereum can maintain a price above present levels, the channel’s upper end may be in play. The actual Bull Run may commence at this point since the price must establish a new all-time high to break above the middle line.

According to CoinMarketCap, the Ethereum price today is $4,071.07 USD with a 24-hour trading volume of $14,081,738,236 USD. Ethereum has been down 1.01% in the last 24 hours.

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