Ethereum has formed a death cross on the 4-hour and 6-hour levels, and it is currently in a consolidation phase.
The last consolidation was about to break through the 4000 mark, and this time it is about to break through a new high. The previous pullback level (3941 to 3354) had a high point of 4788, with a decline of about 600, approximately at 4188. The faster the pullback occurs, the higher the support level can be sustained. If it consolidates into a downward continuation, it may need to retest the 4-hour EMA moving average or even the 6-hour.
The stable profit zone is between 4150 and 4300, with a target looking to break the new high of 4900. It's hard to say if it can drop down, but if it touches the 4-hour moving average recently to go long, it can be profitable.
