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Could Ethereum reach 4,100 USD? Key resistance level holds promise for bulls

Ethereum shows bullish potential: Currently valued at approximately 3,947 USD, Ethereum is gaining buyer confidence, supported by the 100-day Simple Moving Average. The Relative Strength Index (RSI) has risen to 63%, indicating a strong bullish trend.

Breaking 4,100 USD may boost ETH further: A decisive breakout above 4,100 USD could lead Ethereum toward the next target of 4,863 USD. Conversely, failure to surpass this level may trigger a pullback and prompt traders to reevaluate their positions.

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