🚀 Ethereum consolidates at $3,744 as it prepares to break $3,820
📉 $ETH is trading at $3,744, after a rebound from $3,542. With a clear bullish channel, the next resistance is shaping up at $3,820–$3,860.
🧩 Key factors: – Intraday resistance between $3,819 and $3,860 (highs vs CMC)
– Spot volume rises about 5% in the last day, supported by institutional inflows via ETF
– RSI on the 4h timeframe is at ~68 (low overbought zone), still with room to continue rising
📊 Technical level of the day:
• Strong support: $3,540 – $3,620 (daily low, EMA support)
• Immediate resistance: $3,820 – $3,860 → breaking strongly opens the way to $4,000 – $4,100 targets, with potential up to $4,465 according to weekly projections
💡 Outlook:
ETH shows consolidation within a bullish channel, with increasing pressure and technical strength. A daily close above $3,860 would validate a breakout and point directly to $4,000.
👇 Do we confirm a rise towards $4,000 or do you foresee a correction first?
