๐ Ethereum ($ETH) made a lightning-fast move past $4,200, before cooling off to around $4,100.
Traders are buzzing โ is this just a breather before ATHs, or a trap for late buyers?
๐ก Analyst Warning:
Michaรซl van de Poppe (@CryptoMichNL) says:
โETH looks ready for a big breakout, but buying at these highs is risky. Better to explore the ETH ecosystem โ Layer-2 projects & DeFi โ for bigger short-term returns.โ
๐ Technical Heat Check:
RSI: 72 โ Bullish but overbought. Short-term pullback possible.
MACD: Fresh buy signal after crossover โ momentum favors buyers.
Resistance: $4,200 is key. Weekly close above it could open the door to new ATHs.
๐ Bullish Scenario:
Break & hold above $4,200 โ momentum run to uncharted highs ๐
๐ Bearish Scenario:
Failure to hold $4,100โ$4,050 โ short-term dip before next push.
๐ฅ Pro Tip for Smart Traders:
Donโt just stare at ETHโs chart โ check out L2 tokens, ETH staking, and ecosystem projects while the main coinโs price action plays out.
#Ethereum #ETH #CryptoTrading #BinanceSquare #TechnicalAnalysis
Thumbnail/Icon Idea:
Background: Bold gradient from deep purple to neon blue
Center: Big $ETH logo glowing
Text Overlay: โ$4.2K TESTED โ Next ATH or Fakeout?โ
Small candlestick chart icon + upward arrow for bullish vibes