🚨 Ethereum price awaits recovery as new buyers enter, but a significant risk still looms
Ethereum (ETH) continues its attempts to recover after recently approaching its historical peak of $4,878, currently trading below $4,300 while maintaining strong monthly gains of +15.3%.
🔹 What supports the rise:
Clear entry from short-term buyers 👥 (new investors are increasing with every drop).
Ethereum reserves on exchanges are at their lowest level in 9 years ➡️ the supply available for sale is very weak.
🔹 The existing risk:
Formation of a negative EMA crossover on the 4-hour timeframe ⚠️.
Formation of a descending triangle pattern with critical support at $4,216 – $4,189.
If these supports break, the price could quickly drop towards $4,000.
🔹 The positive scenario:
If the price manages to break through the $4,378 level, it will invalidate the negative scenario and favor a return to the upward trend.
📊 Summary:
Ethereum is at a crossroads: either a breakout upwards towards continued rise 🚀, or a break of supports and a return to test the $4,000 area.
