$ETH Holding Strong โ Traders Preparing for the Next Leg Up!
Ethereum is showing impressive strength, maintaining momentum above the key $4,000 level and eyeing a potential breakout higher.
๐ Current Structure:
ETH trading above $4,080 and holding the 100-hour SMA support.
Clear uptrend support line forming near $4,055 โ buyers actively defending this zone.
Resistance sits around $4,200, with a breakout target toward $4,320โ$4,500 if momentum continues.
๐ฅ Bullish Outlook:
If ETH breaks above $4,250, we could see an accelerated move toward $4,480โ$4,500 as bulls regain full control.
โ ๏ธ Downside Risk:
Failure to stay above $4,080โ$4,050 may trigger a short-term pullback to $3,980 or even $3,840, where buyers could look to re-enter.
Ethereum continues to mirror Bitcoinโs strength โ and with bullish sentiment returning, the next breakout could be massive. ๐