🚀 Ethereum Eyes $4,868? Rising Channel Holds the Key
Ethereum (ETH) is trading higher by +1.5% on Friday, recovering after yesterday’s 2.56% dip. At a market cap of $518B, ETH continues to move within a rising channel pattern, keeping hopes of an uptrend alive.
Upside target: A breakout could retest the all-time high at $4,868.
Indicators: The MACD leans bearish with declining averages and red histogram bars, while the RSI at 56 points upward, suggesting room for growth.
Downside risk: A breakdown below the $4,100 support trendline may send ETH toward $3,860.
👉 Traders eye the channel boundaries for the next decisive move.
