Ether (ETH) returned to $4,000 on Sept. 3 for the first time since May as a solid week of gains culminated in a major price milestone.
Against month-to-date gains of $600, the pair reclaimed the historic level it had lost in the dramatic trend reversal that rocked the cryptocurrency market roughly three months ago.
The market is signaling a bear downturn with the breakout under the previous swing low opening up potential for a wash to 3741. Trade is poised for follow through pressing declines
⇒ 3348. Any corrections will likely stay trapped below 4025. A close over 4025 secures a reversing turnaround.