📈 Ethereum Update – Short-Term Outlook
Ethereum is testing the upper boundary of its trend channel, showing short-term strength. However, the bounce so far is only a 3-wave move, meaning another dip into support is still possible.
🔹 Key Levels to Watch
Support Zone: $4,272 – $4,123
Micro Resistance: $4,670 & $4,760
Larger Target: $4,900+ (5th wave potential)
⚠️ What This Means
As long as $ETH holds above $4,123, the market still favors another push to new highs.
Break below this zone → could trigger a C-wave down before recovery.
Weekend volatility + low volume = fakeouts are common. Stay cautious.
Summary
Trend remains bullish if support holds, but confirmation of a 5th wave rally is still limited. Be ready for both scenarios: another low OR continuation higher.
💬 What’s your ETH strategy for the weekend – buying dips or waiting for breakout confirmation?
