Ethereum ($ETH) has officially broken out of its downtrend, with momentum shifting in favor of the bulls. Market sentiment across the crypto space is showing a noticeable improvement — and ETH is now eyeing $4,000, a major resistance and psychological target.
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Trend Shift: From Correction to Expansion 📈
With this recent breakout:
Ethereum invalidated its previous lower-high structure
Price is forming higher highs and higher lows
Market sentiment is turning broadly bullish, especially in altcoins
This breakout may mark the end of the medium-term bearish phase for many alts.
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Targeting $4,000 – The Key Resistance Ahead 🎯
Ethereum is now heading toward the $4,000 level, which represents:
A 70% move from the recent low
A long-term resistance zone on the chart
A potential psychological barrier where sellers may re-enter
Important: A clean break and close above $4,000 will depend on future market conditions and price action at that time.
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Fibonacci Says: Watch for Temporary Sell-offs 🔍
Using Fibonacci retracement tools, potential intermediate pullbacks may occur before hitting the $4,000 mark. These could present:
Healthy consolidation zones
Buy-the-dip opportunities for those managing entries
Stay alert, as temporary sell-offs are natural in uptrends and help build structure.
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Final Thoughts: ETH Showing Strength, But Plan Smart ⚖️
Ethereum’s breakout could be the momentum spark altcoins needed. But remember:
$4,000 is a strong resistance
Post-$4K continuation depends on broader market alignment
Always DYOR and manage risk in all trades
Bullish sentiment is growing — stay informed, stay strategic, stay Binance Square.
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