Ethereum ($ETH) has just crossed $4,000 for the first time since December — and traders are now asking:
👉 Is this the start of a rally to $7,000… or are we heading for a correction?
🔥 ETH Bulls in Full Control:
ETH recently broke out of a multi-year chart pattern, pushing prices to $4,329.
Currently at $4,303, ETH is up 19% this week and 190% this year.
Trading above all major moving averages, with MACD flashing bullish, momentum looks strong.
If this continues, analysts see a possible 62% surge to $7,000 — just 12% away from all-time highs.
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⚠️ Key Price Levels to Watch:
Resistance zones: $4,200-$4,300 and $4,400-$4,500 (big liquidation clusters).
Support zones: $4,100-$4,150 — a drop below could trigger sharp selling.
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💰 Big Money Flows In:
Ethereum ETFs just saw $1B in a single day, the highest since launch.
Institutions are showing interest, but short-term traders are taking profits — meaning a pullback is possible.
📅 What’s Next?
This week’s CPI, PPI, and retail sales data will be critical.
Cooling inflation + possible Fed rate cuts = major fuel for ETH.
But if Bitcoin drops to fill its CME gap at $117,200, ETH might follow.
✅ Bottom Line: ETH is at a key decision point. A breakout above $4,500 could open the path to $7,000. But watch support levels closely — one break, and the rally could pause.