Ethereum is now very close to breaking its previous all-time high, with less than a 10% difference. Recently, there has been significant institutional entry through Ethereum spot funds and an increase in corporate holdings, which has boosted demand and improved market confidence. If the price breaks the resistance with clear trading volume, there could be an upward acceleration due to the liquidation of short positions and the influx of new liquidity. However, we must consider that technical indicators suggest short-term overbought conditions, which makes the possibility of profit-taking and a temporary pullback present. If a correction occurs, we should monitor support areas roughly between $4100 and $4200, as they could serve as rebound or buying points. Any successful break with liquidity opens a wave of upward movement, followed by a temporary correction and then consolidation, or failing to hold above the resistance could lead to a longer decline. Risk management here is very important; watch the trading volume, use an appropriate stop-loss, and diversify your positions instead of entering with all capital at once. Define your time frame (day trading or long-term investment), as this will change your decisions. In summary: there is a real opportunity for an upward movement, but it requires confirmation with a break accompanied by liquidity, and at the same time, the possibility of a correction is present, so have a clear plan and don't consider this information as financial advice; it's just analysis and opinion 😊👻
