ETH is in a medium to long-term uptrend: After accumulating around the 2,800 – 3,200 USD range, ETH has broken out and moved up to the 4,200 – 4,500 USD range.
• The latest BOS (Break of Structure) and CHoCH (Change of Character) levels both indicate that the trend still favors buyers.
2. Important price levels
• Strong resistance: 4,600 – 4,800 (the “Weak High” zone as shown in the chart you drew). If decisively broken through, ETH could aim for 5,000 – 5,200.
• Nearby support: 4,050 – 4,100 (the purple box zone). This is the nearest demand zone. If ETH tests this level again and holds → the possibility of bouncing back to continue the uptrend.
• Deeper support: around 3,600 – 3,700 (old OB + demand zone). This is the “defensive” zone for buyers if the market has a deep correction.
3. Cash flow & liquidity
• Currently, ETH has just hit resistance and has reacted with a slight profit-taking (the most recent red candles).
• The increased volume in the recent upward move indicates that buyers still dominate, but a correction is needed to absorb the selling pressure.
4. Possible scenarios
• Scenario 1 (positive): ETH holds above 4,100 – 4,200, consolidates → bounces back to test 4,600 – 4,800, if broken through, then targets 5,000 – 5,200.
• Scenario 2 (negative): ETH breaks below 4,000 with high volume → likely to test the 3,600 – 3,700 range before continuing the uptrend.
👉 In summary: The trend for ETH remains a primary uptrend, but is currently in a short-term corrective phase. The price range of 4,050 – 4,100 will determine whether ETH can maintain strong upward momentum or needs to pull back further to gather strength.#eth ,#altcoins ,#BTC☀ ,#AltsSeason
• The latest BOS (Break of Structure) and CHoCH (Change of Character) levels both indicate that the trend still favors buyers.
2. Important price levels
• Strong resistance: 4,600 – 4,800 (the “Weak High” zone as shown in the chart you drew). If decisively broken through, ETH could aim for 5,000 – 5,200.
• Nearby support: 4,050 – 4,100 (the purple box zone). This is the nearest demand zone. If ETH tests this level again and holds → the possibility of bouncing back to continue the uptrend.
• Deeper support: around 3,600 – 3,700 (old OB + demand zone). This is the “defensive” zone for buyers if the market has a deep correction.
3. Cash flow & liquidity
• Currently, ETH has just hit resistance and has reacted with a slight profit-taking (the most recent red candles).
• The increased volume in the recent upward move indicates that buyers still dominate, but a correction is needed to absorb the selling pressure.
4. Possible scenarios
• Scenario 1 (positive): ETH holds above 4,100 – 4,200, consolidates → bounces back to test 4,600 – 4,800, if broken through, then targets 5,000 – 5,200.
• Scenario 2 (negative): ETH breaks below 4,000 with high volume → likely to test the 3,600 – 3,700 range before continuing the uptrend.
👉 In summary: The trend for ETH remains a primary uptrend, but is currently in a short-term corrective phase. The price range of 4,050 – 4,100 will determine whether ETH can maintain strong upward momentum or needs to pull back further to gather strength.#eth ,#altcoins ,#BTC☀ ,#AltsSeason
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ETH
4,349
+4.62%