Ethereum Prediction: Is ETH Roller Coaster Ride Near an End?

Ethereum Price trades below $3,800 and the 100-hourly SMA

• BlackRock has filed an S-1 form for their Spot Ethereum ETF.

• Ethereum's price dipped below $3,800 and is nearing the key support at $3,700, suggesting a potential rebound.

• ETH has consolidated for nine consecutive days, indicating a prolonged battle between bears and bulls.

• The $3,700 level has served as strong support, tested multiple times in the past nine days.

• Currently, ETH's price is within the 0 to 0.23 Fibonacci retracement range. Breaking above this range could push Ethereum's value beyond $4,000.

• According to Coingabbar Prediction, If the market stays above $3,700 support, bulls may gain momentum, aiming for ETH to reach $4,095 resistance in the coming weeks.

• If bears dominate, ETH may break below $3,700 support, possibly declining to the next support at $3,400.

KEY LEVELS :

RESISTANCE LEVEL : $3,800-$3,900

SUPPORT LEVEL : $3,660-$3,560

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