$ETH looks really nice, especially without all the noise.
1. Key Support Levels:
The $3000–$3200 range: An area of previous consolidation and buybacks during pullbacks.
Around $3600–$3700: A zone where ETH has repeatedly halted corrective moves.
2. Resistance Levels:
The $4200–$4400 area: Expect the first significant profit-taking around this range.
The psychological and historical high near $4800$: A sustained break above this level could signal further upward momentum.
3. Strategy:
For those already in a position: Consider partial profit-taking as the price approaches $4200–$4400 and move your stops to break-even levels.
For those on the sidelines: Look to accumulate partially on pullbacks to support zones, such as when the price returns to $3600–$3700. Ensure proper risk management and avoid going all-in.
4. Trend and Outlook:
The monthly timeframe shows a recovery after deep declines. The RSI is in a positive zone, suggesting potential continued upside.
Long-term targets involve returning to historical highs and, under favorable conditions, surpassing them.
