“Ethereum (ETH): Strong hype or are we facing a controlled pull-back?”
I am observing ETH and it has me thinking coldly. It rose by +43% in the last month, driven by a favorable macro context, promoting regulations, and a wave of institutional buyers coming in via ETFs.
Technically, ETH faces significant resistance near $4,100–4,000 USD, a zone that, if it manages to consolidate, could open the door to new highs. Meanwhile, the nearest support is between $3,600 and $3,700 USD, where buying interest remains even after recent pressures.
The narrative feels ambiguous: if we surpass $4,100 soon, we could chart a new rally; if not, we might be in a healthy technical correction. The reality is that there are no certainties here, only clear signals to read coldly.
What do you think? Is Ethereum preparing for a new push or is it just breathing before continuing to rise?
