🚀 Quick Analysis! Is $ETH ready for takeoff or for a correction?

Hello to all crypto enthusiasts on Binance Square! 👋

Ethereum ($ETH ) has been in the eye of the storm lately. With the narrative of spot Ethereum ETFs gaining strength and some key updates on the horizon, there is a lot of anticipation. But, are we witnessing the start of a new bull run or is it time to be cautious? 🤔

My quick perspective:

From a technical standpoint, ETH has shown interesting resistance in the $3,800 - $4,000 range. If it manages to break and consolidate above that level, we could see a significant move towards $4,500 and even beyond. Trading volume has also been a key factor to watch.

However, we cannot ignore the possibility of a correction. The crypto market is inherently volatile, and after strong moves, it is common to see profit-taking. An important support level to consider would be around $3,500 - $3,600. If that level is not maintained, we could see a major pullback. $ETH

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