The post Ethereum (ETH) Comes Back on Track After 14% Pullback as Bulls Appear to be Poised to Hit $4000 Anytime From Now! appeared first on Coinpedia Fintech News
The crypto markets are undergoing a roller coaster ride, with the top two tokens possessing extreme volatility. The Bitcoin price marked the lows below $60,000 recently, which attracted huge liquidity, causing a notable rebound. While the price failed to regain the lost range, the Ethereum price reclaimed levels around $3800, suggesting the next phase of the rally is yet to begin.
The ETH price is trading in an equilibrium position in the short term, which suggests it carries the possibility of either breaking above the range or testing the local support. This move may largely determine the upcoming price action in the long term, as the bulls are poised to test the milestone at $4000 anytime in the upcoming week.
The short-term or hourly chart suggests the ETH price is trading sideways as it is approaching t
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