Ether, the first smart contracts cryptocurrency, had risen dramatically from $1,700 in July to nearly $4,000. The 50-day Simple Moving Average (SMA) created a strong barrier, allowing buyers to feel supported. This boosted investor confidence, and Ether retreated above $3,400, but it now rests on relatively weak support levels. According to the Relative Strength Index (RSI), ETH may settle for sideways trading as it approaches the midpoint.