Ethereum Price Prediction – Bears Eye sub-$3,900. U.S Inflation Will Be Key…
This is the mid-session tech analysis for Ethereum. We will be looking at movements through the morning session and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the EMAs and the key levels for the 2nd half of the day.
The Morning Session
At the time of writing, Ethereum (ETH) was up by 1.25% to $4,157.
A mixed start to the day saw Ethereum rise to an early morning high $4,199 before hitting reverse. Falling short of the first major resistance level at $4,373, Ethereum slid to a late morning low $4,021. Steering clear of the first major support level at $3,958, however, Ethereum moved back through to $4,150 levels.
Key through the late morning was avoiding a fall through to sub-$4,000 levels.