$ETH Shakeout at $4,340 – Support Test or Bull Trap?

$ETH rallied strongly from $4,193 but faced rejection at $4,340, triggering a sharp intraday drop.

Price is consolidating near $4,260, showing short-term volatility.

Momentum indicators hint at profit-taking after the recent run-up.

Key Levels to Watch

Resistance: $4,340 – A breakout here could send ETH toward $4,400+.

Support: $4,200 – Holding this base keeps bullish momentum intact.

Trend Bias: Neutral to bullish as long as ETH stays above $4,200.

Trade Insight

Bullish Setup: Reclaim above $4,340 → targets $4,400 / $4,450.

Bearish Risk: Break below $4,200 → could revisit $4,150–$4,120.