Ethereum is trading inside a strong ascending channel and currently sitting around the mid-zone. The trend remains bullish, supported by the 50-day MA just below.
Key Levels to Watch:
Support Zone: $4,100 – $4,230 → Losing this level could trigger a deeper pullback.
Resistance Levels:
First hurdle: $4,800 – $4,900
Next target: $5,200 – $5,300 (channel top)
Bullish Scenario: A solid close above $4,700 could push ETH toward $5K and even $5,300.
Bearish Scenario: Breaking below $4,100 may confirm a correction back to lower levels.
Takeaway:
Ethereum is still in a healthy uptrend, and all eyes are on the $4,700 breakout level. If the bulls hold momentum, the next leg higher could be just around the corner!
Key Levels to Watch:
Support Zone: $4,100 – $4,230 → Losing this level could trigger a deeper pullback.
Resistance Levels:
First hurdle: $4,800 – $4,900
Next target: $5,200 – $5,300 (channel top)
Bullish Scenario: A solid close above $4,700 could push ETH toward $5K and even $5,300.
Bearish Scenario: Breaking below $4,100 may confirm a correction back to lower levels.
Takeaway:
Ethereum is still in a healthy uptrend, and all eyes are on the $4,700 breakout level. If the bulls hold momentum, the next leg higher could be just around the corner!
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.