$ETH
🚨 ETH: Weekly Chart at a CRITICAL Juncture! 🚨
The $ETH chart is showing two huge levels that will define the next major move! We are watching the action on the Weekly (1W) timeframe.
The Current Battleground: $4,800 vs. $4,100
* ⚠️ The Resistance Wall: Ethereum is currently approaching a strong supply zone around $4,800. This level has acted as major resistance in the past, suggesting we could face significant selling pressure here.
* If $ETH fails to break through $4,800, expect a pullback or sideways movement.
* ✅ The Key Support: The key zone around $4,100 is providing current support.
* As long as $4,100 holds, there is potential for a move upwards toward the $4,800 supply zone.
* BREAKDOWN RISK: If the price breaks below this key support, we could see a deeper pullback, possibly targeting lower support levels.
Confidence Check-In (480-Min Chart)
Separately, a recent analysis on the shorter 480-min chart indicated that the ETH bottom has a 97% confidence of being in. This suggests the downtrend is exhausted, giving it "blessings and permissions to run higher from here".
This creates a high-stakes scenario: The short-term bottom appears confirmed, but a massive historical resistance is immediately overhead! 🤯
👉 Will ETH smash through $4,800!✌️