$ETH /USDT

🔸 Ethereum is consolidating above the key technical support at $3,626–$3,639, driven by strong accumulation by whales (US$142 million in recent purchases) and a significant reduction in supply on exchanges, reaching nine-year lows.

🔹 If it breaks and closes several candles above $3,750–$3,800 with solid volume, it is likely to seek:

🎯 $3,900–$4,000 as a short-term target.

🔄 Extended target: $5,000, supported by technical patterns such as the bull pennant, and by institutional momentum from ETFs.

⚠️ Warning: There is strong resistance pressure near $4,000, where Ethereum has been repeatedly rejected. If it loses support below $3,600–$3,626, it could retrace to $3,500 and then down to $3,400–$3,512.

✅ Buyback now?

The most prudent approach would be to wait for a possible drop to $3,600–$3,620, areas that show clear technical support, before considering re-entering long.

📌 Current recommendation:

Action Condition to do it Target Stop-loss

✅ Buy Only if it breaks and confirms above $3,750–$3,800 with solid volume $3,900–$4,000 $3,626–$3,639

🔁 Wait If it retraces to $3,600–$3,620 with clear support $3,900–$4,000 (→ $5,000) $3,500

🎯 Extended target: $5,000, driven by the formation of bullish technical patterns (bull pennant), strong institutional inflow via ETFs, and a decrease in circulating supply reflecting cumulative demand.