$ETH ๐๐ธ
The chart shows a strong bullish rally from early August, followed by a healthy consolidation phase. Currently, the price is trading at $4,505.95, staying above the key support zone at $4,216.03.
---
๐น Key Levels
Support Point ๐ก๏ธ: $4,216 โ acting as a solid base for bullish continuation.
Resistance Target ๐งฑ: $4,700โ$4,800 zone โ a major supply area where selling pressure could appear.
Buy Zone ๐ฏ: A retracement near support may give buyers the perfect entry to push price higher.
---
๐น Technical Outlook
Price is consolidating within a range between $4,200 and $4,700.
If the support holds strong, a bullish breakout towards the resistance zone is highly likely.
The projected move shows a +9% upside potential from current levels.
---
๐น Trading Plan ๐ก
โ Bullish Scenario:
Look for entries near the support zone ($4,216โ$4,250). If buyers step in, the next target is the $4,700โ$4,800 resistance zone.
