Current Price: ~$4,173.87
Short-Term Trend: Correction in progress
Key Support Levels: $3,600 โ $3,800 (strong demand zone)
Key Resistance Levels: $4,600 โ $5,000
๐ Analysis
ETH recently faced rejection near the $4,600โ$4,800 zone, triggering a correction.
Market cycle psychology suggests we are still in the Optimism โ Belief stage, before hitting Euphoria later in the cycle.
If ETH corrects deeper, $3,600โ$3,800 is the likely bottom before bulls step back in.
๐ Mid-to-Long-Term Outlook
Once this correction completes, ETH is positioned to break above $5,000.
Next cycle targets could push ETH into $8,000 โ $10,000+, aligned with the projected market cycle (Thrill โ Euphoria).
After the euphoric run, expect another complacency correction later on.
โ Conclusion:
Short-term correction โ Accumulation opportunity near $3.6Kโ$3.8K.
Long-term โ ETH highly likely to make a new ATH above $10K this cycle.
๐ฏ ETH Trading Plan
๐ข Entry Zone (Buy Range)
$3,600 โ $3,800 โ Strong support zone & likely correction bottom.
Look for reversal confirmation (bullish candle patterns, strong bounce with volume).
๐ด Stop-Loss
Place stop-loss below $3,400 (just under key support) to protect capital.
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๐ก Take-Profit Levels
1. $4,600 โ $4,800 โ First major resistance (partial profit taking).
2. $6,000 โ $6,500 โ Belief zone (strong TP level).
3. $8,000 โ $10,000 โ Euphoria phase target (final TP zone).
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โก Risk Management
Risk only 1โ2% of total capital on this trade.
Use laddered buys (scale in around $3,800, $3,700, $3,600) instead of all-in.
Consider taking profits progressively as ETH rises.
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โ Summary:
Buy the dip around $3,600โ$3,800
Stop-loss: below $3,400
Target profits: $4,600 โ $6,000 โ $8,000โ$10,000