Ethereum has been showing some dramatic price action recently. After reaching a high of $4,576, ETH faced heavy selling pressure and dropped all the way down to $4,060. From there, buyers stepped in and pushed the price back up near the $4,210 level.

Now, ETH is standing at a critical crossroads — and the next move will decide whether we see a bigger recovery or another leg down.

📊 Current Technical Picture

Downtrend: ETH dropped sharply from $4,576 to $4,060. The trend has been bearish, with lower highs and lower lows.

Support Levels:

$4,120–$4,150 → short-term demand zone.

$4,060 → strong bounce area.

$4,034 → last line of defense.

Resistance Levels:

$4,261 → key breakout level.

$4,318 → midpoint retracement.

$4,379 & $4,466 → higher targets if bulls regain strength.

🐂 Bullish Case (Recovery Scenario)

If ETH can hold above $4,120–$4,150 and successfully break through $4,261, the momentum shifts in favor of the bulls. That breakout could open the path toward:

First target: $4,318

Next levels: $4,379 → $4,466

This would indicate that buyers are back in control and the correction from $4,576 may be over.

🐻 Bearish Case (Breakdown Scenario)

On the other hand, if ETH fails to break $4,261 and instead falls back below $4,120, we could see a retest of $4,060.

If $4,034 is lost, the market could accelerate downward toward the psychological $4,000 mark or even $3,96x. This would confirm that the recent bounce was only temporary.

🎯 Trading & Investment Takeaways

For traders:

Look for long opportunities only if ETH breaks and holds above $4,261.

Short opportunities arise if ETH rejects $4,26x or breaks below $4,034.

For spot holders:

Best accumulation zone lies between $4,180–$4,060.

Only consider heavier buys if ETH confirms above $4,261.

If ETH breaks below $4,034, it’s wiser to stay cautious and wait.

✅ Conclusion

Ethereum is in a decision zone. The bounce from $4,060 shows buyers are active, but without a strong push above $4,261, ETH remains vulnerable.

Bullish if above $4,261 → $4,318 → $4,379 → $4,466.

Bearish if below $4,034 → $4,000 → $3,96x.

Until then, patience and strict risk management are key.

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