#ETHRally
Ethereum is now trading in a critical zone between 4,713 and 4,800, a level where many traders are entering short positions.
The price is testing strong resistance — a breakout above could fuel a sharp rally, while a rejection might trigger a pullback toward 3,950 OR may be more.
Note: 🎶
This setup brings back memories of 2021, when Ethereum experienced one of its most remarkable bull runs.
Starting near $730 at the beginning of that year, ETH climbed to over $4,800 by November, setting a new all-time high.
That surge was powered by booming interest in DeFi, NFTs, and the wider crypto market.
However, the rally ended with a sharp correction as the broader market declined in 2022.
Now, as $ETH approaches these historic highs again, traders are split —
some eyeing a breakout, others preparing for history to repeat itself.