ETH UPDATE

ETH Looks ready for a run-up to contest its preceding highs at $4,172 as it is consolidating among the $3,900 and $4,200 boundaries. Like Bitcoin price, ETH has corrected 11% from its swing high at $4,380.

As lengthy as the $3,900 guide floor holds, Ethereum price will likely make a run up to new all-time highs. If the said support barrier offers way, however, traders can assume ETH to retrace to the $3,619 demand barrier. In a fantastically bearish case, the Ethereum price would possibly revisit the $3,202 support stage earlier than restarting the bull rally.