🚨 Ethereum Slips Below $4,200 – What’s Next? 🚨
Ethereum (ETH) has dipped under the $4,200 level, raising the big question: is this just a healthy pullback or the start of a deeper correction?
📊 4H Chart Update
ETH is currently trading near $4,190, sitting right above the key $4,150 support.
Price action is moving inside a falling channel, showing short-term selling pressure after the recent strong rally.
If $4,150 holds, ETH could break out of the channel and make another run toward the $4,788 resistance / ATH zone.
But a clean break below $4,150 might drag ETH down to $3,900, which lines up with major higher-timeframe support.
⚡ Momentum Check
Structure right now: short-term bearish (lower highs & lows).
Breakout above the channel = momentum flips bullish again.
🎯 Key Levels to Watch
Support: $4,150 → $3,900
Resistance: $4,788 (ATH)
📌 Bottom line: Traders should watch how ETH reacts at $4,150. Hold above = bullish breakout potential. Break below = possible deeper correction. The next move could set the tone for weeks ahead.
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