ETH broke below $4,000, shaking weak hands and testing confidence. Right now, the critical support sits at $3,900–$3,800. As long as ETH holds this range, the structure is intact. Remember, strong uptrends always need long periods of sideways accumulation before the next breakout.
On-chain data shows more than $2.5B in ETH buys from Whales around $3,828. That level also lines up with the 2.618 Fibonacci extension, making it a strong defensive zone. When price tapped it, we saw an immediate reversal candle — a sign that smart money is defending their turf.
On the upside, the first big resistance is $4,600–$4,800. It was ETH’s ATH back in 2021 and was tested again during the August and September sell-offs. Breaking through this would confirm strength and open the door to higher levels.
Entry Points (EP):
EP1: Around $3,800 (safe accumulation zone, but risk if it breaks lower).
EP2: Around $4,050 (bounce confirmation, less risky).
Target Prices (TP):
TP1: $4,800 (first big resistance).
TP2: $5,000–$5,200 (psychological round number + breakout zone).
TP3: $6,000+ if Fusaka hype plays out in Q4.
The short-term picture is messy — options expiry, macro fear, stronger dollar. But zoom out and you see the same thing every cycle: fear, doubt, sideways action, whales accumulating. Fundamentals haven’t changed, and the Fusaka upgrade in December could be the spark that flips sentiment.
Patience is the key. Control your size, use dips as opportunities, and remember: if ETH holds above $3,800, the ether prediction into year-end still points much higher.
TheCryptoFire
On-chain data shows more than $2.5B in ETH buys from Whales around $3,828. That level also lines up with the 2.618 Fibonacci extension, making it a strong defensive zone. When price tapped it, we saw an immediate reversal candle — a sign that smart money is defending their turf.
On the upside, the first big resistance is $4,600–$4,800. It was ETH’s ATH back in 2021 and was tested again during the August and September sell-offs. Breaking through this would confirm strength and open the door to higher levels.
Entry Points (EP):
EP1: Around $3,800 (safe accumulation zone, but risk if it breaks lower).
EP2: Around $4,050 (bounce confirmation, less risky).
Target Prices (TP):
TP1: $4,800 (first big resistance).
TP2: $5,000–$5,200 (psychological round number + breakout zone).
TP3: $6,000+ if Fusaka hype plays out in Q4.
The short-term picture is messy — options expiry, macro fear, stronger dollar. But zoom out and you see the same thing every cycle: fear, doubt, sideways action, whales accumulating. Fundamentals haven’t changed, and the Fusaka upgrade in December could be the spark that flips sentiment.
Patience is the key. Control your size, use dips as opportunities, and remember: if ETH holds above $3,800, the ether prediction into year-end still points much higher.
TheCryptoFire
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.