🚀 ETHEREUM BLASTS PAST $3,750 – IS A $4,000 BREAKOUT NOW UNSTOPPABLE? 🔥
Ethereum is once again making headlines, reigniting bullish momentum and outperforming Bitcoin in the short term. After reclaiming the crucial $3,750 level,
$ETH surged past $3,800 and recently tapped $3,859, flashing signs of strength that suggest a major breakout is brewing.
🔹
$ETH holds strong above $3,700
🔹 Bullish trend line intact with support at $3,720
Currently,
$ETH trades comfortably above the 100-hour SMA, and a bullish trend line is clearly forming on the hourly chart. The consolidation above the 23.6% Fib level (from $3,031 to $3,859) is a strong indicator that bulls are preparing for the next leg up.
📊 Key Levels to Watch:
Immediate Resistance: $3,860
Breakout Zone: $3,920
Next Targets: $3,950 → $4,000 → $4,200
If Ethereum closes a clean candle above $3,920, it could trigger an explosive rally, sending prices toward $4,000 and even $4,200 in the near term.
🔻 Downside Risks:
First Support: $3,720
Critical Support: $3,650
Breakdown Risk Level: $3,620
Below that, ETH could revisit $3,550 or even $3,450, though downside looks limited unless bears regain control.
🔧 Technical Indicators:
MACD (Hourly): Fading bullish momentum, but not flipped bearish
RSI (Hourly): Just below 50, awaiting a bullish crossover
With buyers defending key levels and volume building, Ethereum’s path to $4K looks increasingly likely — unless rejected harshly at $3,860.
Bulls have momentum. All eyes on $3,920. A breakout could rewrite the script.
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