$ETH/USDT — key zone $4,000 in focus

ETH faced strong resistance at $4,788 and retraced to $4,368. Currently, trading is around $4,400.

The nearest key support is $4,000, below which is an important zone at $3,400.

What to watch

Supports: $4,000 (key) → $3,750–3,680 → $3,400.

Resistances: $4,420–4,450 (local supply zone) → $4,580 → $4,780 → $4,950–5,000.

Scenarios and plan

Bullish scenario (if holding $4K):

Retest and hold above $4,000 ➜ long signal from $4,020–4,080.

Stop: $3,940 (conservatively $3,880).

Targets: $4,300 → $4,580 → $4,780 → on impulse $4,950–5,000.

As it rises — partial profit taking and trailing stop.

Impulse entry:

Break/hold above $4,420–4,450 ➜ long with a short stop below $4,320.

Targets: $4,580 → $4,780.

Bearish scenario (loss of $4K):

Clear break and hold below $4,000 + retest from below ➜ short to $3,750–3,680, then $3,400.

Risks and triggers

Watch BTC dominance, funding/OI, and news — overheating or negativity in the market could quickly take out $4K.

In summary: a retest and hold of $4,000 remains a trigger for a bounce with targets of $4,580 and $4,780; losing the level opens the way to $3,750–3,400.

Not financial advice. Manage risk (≤1–2% per trade).