Explosive! ETH is about to break free from its shackles, is a $5000 ATH within reach? Is the crypto world about to change?!!!!!!!!!!

Currently, the price of ETH is fluctuating around $4160. From the chart, we can see that ETH previously experienced a surge followed by a pullback. The price is now in a range between a support level and a resistance level.

Possibility of an Uptrend and Target Levels

Upward Momentum: If market sentiment is positive and bullish forces dominate, ETH is expected to continue rising. From the chart, we can see a clear resistance level around $4210. If ETH can break through this resistance level, the next target could be a higher position, the $5000 ATH, which is a long-term goal. However, in the short term, if it breaks above $4250, it may further rise to the $4300 - $4400 range, as there are some technical resistance levels here, but they are not insurmountable. Triggers for an Upward Move: Expectations of interest rate cuts may lead to a quality altcoin season, and ETH, as one of the mainstream coins, is expected to benefit from the overall market sentiment improvement.

Possibility of a Downtrend and Target Levels

Downward Risk: If the market encounters negative factors, or if bullish forces are insufficient, ETH may continue to decline. The support level below is around $4060; if this support level is effectively broken, the price may further drop to $3965, or even lower positions, such as $3885.

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