🔥 #ETH rebound is blocked, will there be another wave of selling?
ETH pulled up from $4,050, briefly breaking through $4,220, but faced continuous resistance between $4,350 and $4,380, with significant short-term bearish pressure.
Currently, the price remains below $4,355 and the 100-hour moving average. To break through, it must first overcome this iron gate. If it can break through $4,380, the next target could be $4,460-$4,500, and once it stabilizes, the goal will be $4,550+.
But be cautious, if it falls below the support of $4,220-$4,200, it could quickly retrace to $4,120-$4,050, or even test $4,000.
👉 Technical Levels:
Key Support: $4,220, $4,200, $4,050
Strong Resistance: $4,380, $4,460, $4,500
Short-term Key: As long as $4,220 holds, bulls still have a chance; if $4,380 breaks, the market may accelerate!
