🔥 $ETH Price Action – Cooling Off or Loading Up for $4K? 🐂📉

Ethereum (ETH) has been on a strong run, topping out at $3,860 before pulling back slightly to $3,707.86 at the time of this chart. The big question now: Is this a healthy consolidation or the start of a deeper correction? Let’s break it down 👇

📈 Price Action Overview:

ETH surged nearly +65% from the $2,350 zone, riding a macro wave of bullish sentiment and ETF inflows. The price now sits above its long-term EMA(99) ($3,658), suggesting bulls still have the upper hand despite the pullback.

📊 Key Technical Signals:

EMA(7) & EMA(25): The price is dancing right on these levels ($3,701–$3,711), showing indecision.

EMA(99): Acts as a solid support base at ~$3,658. A break below could signal momentum loss.

MACD: A bearish crossover is visible, with the histogram showing continued weakness.

RSI(6): Neutral at ~52.7. Plenty of room to move either way without being overbought or oversold.

📌 Volume Watch:

Volume spikes accompanied the rally but have since tapered. Watch for renewed volume surges as a clue for the next big move.

⚡ Scenarios to Monitor:

✅ Bullish Continuation: If ETH holds above EMA(99) and breaks back above $3,860, $4K psychological resistance is next. Above $4K, we could target $4,200–$4,350.

⚠️ Bearish Pullback: Failure to hold EMA(99) may lead to a dip toward $3,450 and then $3,300.

🎯 Trader Tips:

Day Traders: Watch for breakout attempts above $3,750 for scalping opportunities.

Swing Traders: Consider entries near EMA(99) with tight stop-losses.

HODLers: Macro trend is still bullish. This pullback could be a prime accumulation zone.

🔥 Bottom Line:

ETH remains in a strong uptrend but momentum is cooling. Consolidation here could act as a springboard to $4K—or a warning of deeper retracement if support fails.

💬 Your Take: Is ETH ready to flip $4K or are we heading for a correction first? 📊