Ethereum Holds above $3,400 Support as Bulls Attempt to Breach Recent Highs

[Rockalo]

Ethereum price (ETH) is trading in the bullish trend zone today as bulls break out above the moving averages. The Ether price is holding steady above the $3,400 support after buyers keep the price above the moving averages.

However, buyers could not keep the ETH price above the $3,640 resistance. Last week, the largest altcoin fluctuated below the resistance level for a possible breakout. Moreover, ETH/USD has been trading in the overbought zone since October 2. Sellers are expected to show up at the overriding resistance. However, in a strongly trending market, the current resistance level would be broken. It is expected that the cryptocurrency will rise to $4,000. Today, the price of ETH is retesting the $3,640 resistance zone. More information please click here