Ethereum Resumes Upside Momentum as Bulls Attempt to Reclaim the $4,000 High

[RSRS]

The price of Ethereum (ETH) is making impressive moves as buyers try to recapture the $4,000 price level. At the time of writing, Ether is trading at $3,774.

The largest altcoin has previously retreated to the low of $3,736 as bulls have bought the dips. Since October 15, the cryptocurrency has rallied back above the $3,740 support and continued its rally towards the previous highs.

Buyers are tipped to retake the previous high of $4,000. However, the cryptocurrency is likely to face strong resistance at the previous high. It is also believed that the market will reach the overbought zone. This will attract sellers who will push the prices down. In the previous price action, ETH /USD dropped sharply to the low of $2,740. Meanwhile, Ether is in a slight retracement that will push it to resume its upward momentum.

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[Alcor]

Yes, the ethereum price continues to rise and now it has already reached $ 3850. True, it is growing so far following bitcoin, which has already risen in price to $ 61,420. Of course, the price will rise and fall, however, I expect that overall, the last quarter of the year will be good for the cryptocurrency price growth. Already, both bitcoin and ethereum are just a little short of their previous absolute price record, which they set this spring. Most likely, new price records will be set this year.