DOOKV Ethereum Price Hits $3,900. Will It Reach $4,500 Before ETFs?

Despite the major bullish catalyst, the leading altcoin has so far failed to gain a footing above the $4,000 level. It is also down 19.8% from its all-time high. 

According to 100eyes Crypto Scanner, the Ethereum price has seen bullish divergence on the hourly time frame. This bearish pattern occurs when an asset manages to make new highs, but the Relative Strength Index (RSI) records slower highs. Based on this particular chart, it is clear that Ethereum is currently experiencing weakening momentum despite the substantial price increase. The RSI recorded a lower high in the 65-70 range after Ether surged to $3,900, which is the main horizontal resistance level.