🔍 #ETH Current Technical & Market Context

Ethereum is consolidating around $4,250 as a critical support.

On the upside, resistance zones around $4,584–$4,672 are being eyed — a break above could fuel further gains.

$5,000+ if bullish momentum holds.

Standard Chartered raised its year-end ETH forecast to $7,500.

Market sentiment and flows (ETF inflows, stablecoin inflows) are playing a strong role in driving demand.

↗️ Potential Bullish Scenario

If ETH can hold above the $4,250 support and break decisively above the $4,584–$4,672 resistance, we could see:

A rally toward $5,000 in the near term

If momentum is strong and sustained, targets like $5,500–$7,000+ could come into view by year-end, especially under favorable macro and crypto-market conditions

↘️ Potential Bearish / Risk Scenario

If ETH fails to defend the key support around $4,250, then:

It could drop toward $4,200 or lower, testing further support zones

A deeper breakdown could push it toward $3,800–$3,400 if selling intensifies or broader markets weaken.

🔮 My “Base Case” Prediction

Given the current setup, my base case is moderately bullish:

In the near to medium term, I expect ETH to test resistance around $4,600–$4,700

If that zone breaks, ETH could target $5,000+

But if support at $4,250 fails, ETH could see a pullback toward $3,800–$4,200