🚀🚀 ETH Targeting $5,200 – Is the Next Move Loading? ⁉️
While I was busy charting, ETH already made its move up — classic timing! 😁 But here’s the updated breakdown:
Ethereum is currently consolidating above the $4,727 support, sitting in a short-term demand zone and showing signs of a possible continuation to the upside.
The recent breakout candle highlights strong momentum, and traders are now watching for a clean retest before the next leg higher.
🔍 Scenario Analysis:
🔼 Bullish Outlook:
If ETH continues to hold above $4,727, a push toward $5,200 is likely, supported by bullish signals on the lower timeframes.
🔽 Bearish Risk:
If ETH loses the $4,727 level, short-term structure weakens. Stronger demand sits near $4,100, where buyers previously stepped in.
📊 Technical Notes:
• Stoch RSI is curling upward — indicating a potential return of bullish pressure after a cooldown.
🔑 Key Levels to Watch:
• Support: $4,727 (demand zone)
• Resistance: $5,000 – $5,200
• Deeper Demand: $4,100
ETH remains in a strong position for continuation — the key question is whether $4,727 holds as the launchpad for the next surge.
