🚀 Ethereum Market Update – Bulls Still in Control 🚀

Ethereum ($ETH ) is holding firm above $4,100, showing clear market strength and keeping the bullish outlook intact. This level, previously the swing high from March & December 2024, now acts as key support after a successful breakout.

📊 Current Structure & Trend

ETH remains in Wave 5 of Wave 3, with no evidence yet of a major top.

Potential ending diagonal pattern forming, with an upper boundary near $8,350.

Breakout above $4,100 was significant — first time above since 2021.

📍 Key Levels

Immediate Support: $4,176 – $4,174 zone (ideal C-wave target)

Major Support: $4,100 (critical for trend continuation)

Deeper Support: $3,900 → $3,826 (unlikely but possible in Wave 4)

📍 Resistance & Targets

Near-Term Resistance: $4,400 (May 2021 high)

Next Target: $4,600 (minor resistance)

Major Target: $4,900 (next significant barrier)

⚠️ Trend Watch

Break below $4,100 = first sign of weakness.

Overshooting B-wave shows bulls are still willing to push.

Break above recent intraday high could signal Wave 5 is already underway.

💡 Summary: As long as $4,100 holds, ETH is primed to test $4,400, and possibly $4,900 in the coming waves. Momentum is still bullish — avoid calling tops without confirmation.

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