Ethereum price analysis: ETH to retest the $4,000 high

TL;DR Breakdown Ethereum price analysis reveals gearing up motion to retest the $4,000 high.Strong support is currently found at the $3,384 mark.Strong resistance is currently found at the $3,950 mark. Ethereum price analysis reveals that the queen of cryptocurrency is gearing up to retest the $4,000 high once again. The queen of cryptocurrency broke past the $4,000 psychological barrier yesterday but was unable to find strong support to maintain the high ETH price dipped down below the mark. At the time of writing, Ethereum is trading hands in the $3,925 range while preparing to retest the high. The queen of cryptocurrency is treading on a slippery slope and the price can sway in either direction in the hours to come. ETH/USD 1-day candlestick chart shows bullish crossover The one-day Ethereum price analysis candlestick chart reveals a bullish crossover that is likely to keep the price at the current high, maintaining the current support levels. The upper Bollinger band is found below the current price, where the current price is at $3,920, and the upper Bollinger band is at the $3,903 mark serving as the closest support for the queen of cryptocurrency. ETH/USD 1-day candlestick price chart. Source: Trading View The nine-day moving average serving as the next support point is $3,542, and the Bollinger bands’ average is found at the $3,340 mark. The last support level marked by the lower Bollinger band is found at the ...