Ethereum Price Analysis!!!
Ethereum is trading around 4,050, showing strong bullish momentum after breaking key resistance at 4,000.
The next immediate resistance is near 4,150, and a decisive close above it could push ETH toward 4,300. On the downside, 3,950 now acts as strong support, followed by 3,800.
RSI readings are in slightly overbought territory, hinting at possible short-term pullbacks, but overall trend remains upward. Continued growth in Ethereum-based DeFi, NFT activity, and Layer 2 scaling adoption are fueling confidence.
Market sentiment is further supported by institutional accumulation and positive macroeconomic signals. As long as ETH stays above 4,000, bulls are likely to maintain control, with potential for new yearly highs in the coming weeks.
So now eth shows strong bullish momentum, maybe eth take little bit correction above 3950 and then start their journey again above 4200 level.
Thankyou