Ethereum ($ETH ) has broken above $4,000 for the first time since December, sparking debate โ is $7,000 next or is a correction coming?
๐ฅ Bulls in Control
Broke out of a multi-year megaphone pattern, hitting $4,329 weekly high.
Price now at $4,303, up 19% in 7 days and 190% YTD.
Above all major MAs, MACD bullish โ technicals point higher.
Target: $7,000 (+62%), just 12% from ATH.
โ Key Levels
Liquidation clusters: $4,200โ$4,300 & $4,400โ$4,500 (magnet zones).
Support: $4,100โ$4,150 โ drop below could trigger sell-off.
๐ฆ Institutions Back in
ETFs saw $1B inflows yesterday โ biggest since launch.
Short-term holders taking profits = possible pullback risk.
๐ This Weekโs Wildcards
CPI (Tue), PPI (Thu), Retail Sales (Fri) โ cooling inflation + Fed rate cuts = bullish fuel.
BTC CME gap at $117,200 โ if BTC drops, ETH likely follows.
๐ Watch closely โ the next move could be huge!
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