Ether is making headlines once again by approaching the critical resistance level at $4,100. After gaining steady growth momentum, bulls they seem determined to regain control and challenge this key barrier. Historically, this level has presented a complex hurdle for ETH, but recent price action suggests growing buyer confidence.

As ETH rises, investors are watching closely to see if this happens rally has everything it takes to finally break through the resistance and set the stage for further gains. The stakes are high and momentum is rising, the $4,100 level could be the key to Ethereum’s next substantial move. Will the Bulls be up to the challenge?

Ethereum price is approaching the key resistance level of $4,100

ETH is currently trading above the 100-day straightforward moving average (SMA), signaling a bullish trend. After a powerful rebound at $3,670, the cryptocurrency gained steady upward momentum, gradually approaching the key resistance level at $4,100.

That’s positive price action suggests this market sentiment is changing in favor of the bulls, and increasing buying pressure is pushing Ethereum closer to this critical barrier. As the price nears $4,100, investors are watching closely to see if ETH can break this resistance and maintain its bullish momentum, perhaps paving the way for more growth.

Furthermore, to support this outlook, the 4-hour Relative Strength Index (RSI) reveals powerful positive sentiment towards Ethereum. The RSI index rose to 63%, recovering from the previous decline to 53%. Importantly, this upward movement indicates increasing purchases pressure and reflects a shift towards bullish momentum.

As the RSI rises, it suggests that Ethereum is gaining strength, along with potential for further advantages. So, if ETH continues to stay above key thresholds, the crypto asset may have the strength to break through the $4,100 barrier resistance level.

A break above the $4,100 level could trigger another ETH bull run

AND breakout above the $4,100 resistance level could serve as a catalyst for another Ethereum bull run, unlocking significant upside potential. This level has long been a critical barrier, representing psychological and technical resistance to ETH. If the price went above $4,100, it would mean a change market momentum, with bulls firmly in control and ready to take Ethereum to the $4,863 resistance level and beyond.

However, it is critical to remember that failure to break through $4,100 could lead to a pullback, triggering a downside retreat support horizontal. A rejection at this key level would raise concerns about the sustainability of Ethereum’s bullish momentum, prompting traders to re-evaluate their positions.

Ethereum is currently trading at around $3,947 and has a market capitalization of $475 billion. ETH has seen a powerful trading volume of $30 billion over the past 24 hours, indicating powerful investor interest and vigorous market liquidity as Ethereum approaches key resistance levels.

Featured image from Unsplash, chart from Tradingview.com