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🔮 Will ETH cross $4000 soon?

$ETH

Here’s a detailed breakdown of the current situation and potential for ETH:

📈 Trend Overview (Macro):

• Current Price: ~$2930 (as per your chart)

• $4000 Target: ~36% upside from current levels

• Recent Highs: Struggled to break above ~$3100–3200 in the last few weeks

• Support: Strong near $2850–2900

• Resistance levels before $4000:

• $3050

• $3250

• $3500

• $3750

• $4000 (psychological & technical)

📊 Key Factors to Watch:

✅ Bullish Signals:

• ETH Spot ETF Approval (expected Q3/Q4 2025) — a confirmed approval could be the catalyst to push ETH to $4000+

• ETH 2.0 upgrades and Layer 2 adoption improving value proposition

• Strong accumulation zone between $2700–$2900

❌ Bearish Risks:

• Macroeconomic news (US inflation, Fed rate hikes, etc.)

• Bitcoin weakness (ETH still follows BTC for momentum)

• Failure to break $3100+ again soon could trigger more downside