Ethereum at a Historical Crossroads: Breakout or Major Rejection

Based on the ETH/USD daily chart you shared, here’s a professional breakdown:

🔎 Technical Overview
Key Level: $4,000 – $4,100
This zone is a multi-year resistance (price was rejected here twice before → double top).
Currently, price is sitting just below this line — a true decision point.
Pattern Outlook
A confirmed breakout above $4,100 could open the way for a strong bullish rally.
A rejection here could trigger a deep correction, similar to the past two times.
100-Day Moving Average
Acting as dynamic mid-term support. A clean break below it would be a strong bearish signal.

📈 Short-Term Outlook (1–3 weeks)
Bullish Scenario:
Break and daily close above $4,100–$4,200 → Target 1: $4,500, Target 2: $4,850.
Stop-loss: Daily close below $3,900.
Bearish Scenario:
Rejection and breakdown below $3,850 → Target 1: $3,400, Target 2: $3,000.
Stop-loss: Daily close above $4,150.

📊 Long-Term Outlook (3–9 months)
Bullish (if resistance breaks):
Mid-term targets: $5,250 (next historical peak) → then potentially $6,000–$6,500 if momentum continues.
Stop-loss: Sustained close below $3,400.
Bearish (if resistance holds):
Likely correction towards $2,750–$3,000.
In a broader market downturn, a retest of $2,200–$2,400 is also possible.

⚠️ Key Takeaway: Price is sitting at a critical resistance zone. Risk management is crucial — trading without a stop-loss here could be dangerous.