ETH at $4,100 – Can Bulls Defend Key Support Before FOMC..?ETH + FOMC = Volatility Ahead ? 🔥
Ethereum at Make-or-Break Zone: $4,100 Support in Focus!
Ethereum (ETH/USDT) on the 4H timeframe is showing a decisive battle between bulls and bears. After topping near $4,700, ETH has been in a steady downtrend, respecting the descending trendline.
🔑 Key Levels to Watch
* Immediate Support: $4,100 – $4,150 (0.5 Fib retracement)
* Major Support: $3,950 – $4,000 (0.618 Fib retracement)
* Resistance Zone: $4,300 – $4,350 (descending trendline)
* Major Resistance: $4,600 – $4,700 (recent swing high)
📈 Bullish Scenario
✅ A breakout above $4,300 trendline resistance could trigger strong momentum toward $4,500 - $4,600.
✅ Holding $4,100 support will keep buyers in control.
📉 Bearish Scenario
❌ If ETH fails to hold $4,100, expect a deeper retracement toward $4,000 (0.618 Fib).
❌ A break below $3,950 may extend the fall to $3,700 – $3,600.
⚠️ Market Note
📌 Today’s FOMC meeting could heavily impact the crypto market trend.
Expect volatility as Fed commentary on interest rates may guide ETH’s next major move.
⚖️ Conclusion
ETH is at a critical support zone where the next move will define short-term direction.
* Above $4,300 → Bulls regain control.
* Below $4,100 → Bears target $4,000 and lower.
