🔥 $ETH is heading towards a new peak! 🔥
Ethereum reached $4,768, with strong weekly gains of +12.17% and clear buying momentum. Bulls are targeting resistance at $4,800 – $5,000 💪
⚡ Swing Trade Setup:
• Entry: $4,600 – $4,700 on healthy pullbacks
• Stop Loss: below $4,350
• Targets:
- Target 1: $4,900
- Target 2: $5,000+
📊 Technical Analysis:
- Price is above all major moving averages
- MACD is positive and RSI is moderate → stable upward momentum
- Inverted head and shoulders pattern supports targets reaching $22,000 in the long term
📌 Conclusion:
ETH is in a strong technical position, and a breakout above $4,800 could pave the way towards $5,200 and then a new ATH.
However, overbought indicators suggest a potential temporary pullback before launching again.
📈 Technical Note:
Recovering $4,000 often paves the way for significant increases ranging from 69% – 134%.
Breaking $5,000 could drive ETH to its highest historical levels!
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