$ETH is trading near its all-time high around $4,870. Here’s the current outlook.

❗️Monthly chart: selling is weak, but low spread with increased volume could signal a reversal or correction.

Weekly chart: we tested the trendline with a volume spike. There's absorption, like Bitcoin.

To reach our target of $5,500 and higher — we need stronger buyer interest. I'm not seeing that yet.

Support is holding. No selling, no buying pressure. We're in balance since August 11th.

Upside breakout is more likely. 

🔥Targets: $5,500–$6,500, up to $7,000.

But I don't rule out downside. Break below $3,700 with volume could mean a deeper correction.

Right now it's 50/50. But I'm leaning toward continued buying.

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