$ETH at the crossroads – Is 4K becoming mainstream support? 🔁
Since April, ETH has been moving within a parallel channel, finally breaking through the 4,000 level at the beginning of August — a barrier that has stood firm since December 2021.
🚨 Despite the breakout, ETH returned inside the channel due to a slowdown in momentum (bearish crossover in the Stoch RSI indicator). Now it is testing 4K as a critical support area.
📈 Any new bullish crossover in the Stoch RSI could ignite a rally towards new highs.
📉 A brief dip to 3.5K is possible, but it may just be a trap before the real breakout.
📌 ETH is now in a strong attraction zone... watch carefully.
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