#ETHBreaks4000 Technical Analysis Summary for ETH (~$4,051)
- *Trend & Momentum*: ETH broke above $4,000, reinforcing its bullish trajectory. Higher timeframes show a bullish trend, but watch for short-term pullbacks.
- *Support & Resistance*:
- *Support*: $3,900–$4,000 (initial), with broader support along an ascending trendline.
- *Resistance*: $4,100 (next significant), with targets above if sustained.
- *Technical Setup & Indicators*: "Coiled spring" formation suggests upward path if support holds. Daily indicators signal strong buyer momentum with moving averages in "Buy".
- *Macro & Market Drivers*: Favorable trends like regulatory clarity, DeFi dominance, and ETF inflows fuel the rally.
Price Forecasts
ETH's short-term target is $4,400. Long-term forecasts average $4,688 by year-end, with upside projections of $5,000+ and highly optimistic targets of $6,000–$8,000 ¹.
Let me know if you'd like me to expand on any of these points!#CryptoIn401k #Notcoin #Write2Earn