Ethereum price analysis (Bullish) — 3929.14 USDT (-1.36% 24h)

Ethereum continues to trade in a tight consolidation pattern around the $3,930 level, showing resilience despite a modest 1.36% pullback over the past 24 hours. The current price action finds ETH hovering just above both its 20-day SMA ($3,924.60) and 50-day SMA ($3,907.46), indicating underlying strength in the medium-term trend. The RSI reading of 66.33 suggests ETH is approaching overbought territory but hasn’t yet reached extreme levels that would signal an imminent reversal. Trading volume remains robust at $1.44 billion, supporting the current price structure. For traders, the key levels to watch are the $3,900 support zone and the psychological $4,000 resistance. A decisive break above $4,000 could trigger momentum buying toward $4,200, while a breakdown below $3,850 would suggest deeper correction potential. Consider scaling into positions on dips toward the $3,880-$3,900 support cluster with tight stop-losses.