Ethereum Pullback: Healthy Dip or Prime Buy Zone? 🚀
Ethereum’s latest move has traders debating — is this just a standard retracement or the perfect setup for the next rally?
After rallying from $4,170 to $4,782, ETH has cooled off slightly. Bulls remain active, and technicals hint at a possible push toward $5,000.
📊 Market Overview
Price Action: ETH dipped to $4,480 before bouncing back.
Key Support: $4,500 (held multiple times)
Immediate Resistance: $4,640, $4,680, $4,720
Main Bullish Target: $4,880 – $5,000
ETH is still above $4,550 and the 100-hour SMA, maintaining its bullish trendline.
🔍 Technical Insights
Support Strength: $4,480–$4,500 range aligns with the 50% Fibonacci retracement of the latest rally.
Breakout Watch: A clear move over $4,720 could open the way to $4,780, then $4,880–$5,000.
Pullback Danger: Rejection below $4,700 risks a drop toward $4,400, with deeper downside to $4,315–$4,250.
⚡ Market Sentiment
ETH has been outperforming BTC lately, breaking key resistance zones. Bulls have the edge, but CPI data and macro factors could sway the trend.
📈 Possible Scenarios
Bullish: Hold $BTC 4,500 → Break $4,720 → Aim for $BTC 4,880–$5,000.
Bearish: Lose $BTC 4,500 → Retest $4,400 → Potential fall to $4,250.
💡 Tip: This pullback could be a strategic spot to scale in — just keep risk in check.
