🚀 Ethereum Gathers Steam — Bullish Breakout Loading?
Ethereum has climbed from $4,240 and is now consolidating. A decisive push above $4,400 could ignite the next rally.
🔹 Current Setup
- Price: Above $4,320 and the 100-hour SMA
- Trend: Broke a key downtrend line at $4,330 (hourly chart)
- Immediate Resistance: $4,380 → $4,400
- Key Support: $4,335 → $4,280
📈 Bullish Scenario
ETH rebounded after holding $4,220, breaking through $4,320 and $4,350.
- Next hurdles: $4,375 and $4,415 (76.4% Fib retracement of $4,450 → $4,300 drop)
- Above $4,450: Potential surge to $4,550, then $4,650–$4,800
📉 Bearish Risk
Failure to clear $4,415 could trigger a pullback:
- First support: $4,335
- Below $4,280: Opens the door to $4,240 → $4,220 → $4,160
📊 Technical Signals
- MACD: Losing bearish momentum
- RSI: Above 50, showing mild bullish bias
Major Support: $4,335
Major Resistance: $4,415
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