📉 #Ethereum chart review 📈

📉 Ethereum chart review 📈

🎯 Key Levels to Watch:
• Above: 3754 / 3858 / 3958
• Below: 3570 / 3505 / 3476

🔥 ETH Liquidation Heatmap:
• Above: 3936 / 3971 / 4011
• Below: 3789 / 3742 / 3680



Last week’s candle closed with almost no sell tail — a strong bullish signal.
Still, we may see a pullback at least to the previous week's open at 3754, which would be a bullish buy zone.

This week, #Ethereum is expected to maintain bullish momentum and at the very least wick above last week's high to grab liquidity from stop orders.

Remember what I mentioned about the HTF range top — if ETH manages to close above it, there’s a high probability of a push toward ~4600.

Even in the bullish scenario, a pullback to the range top at 4100 is likely after such a breakout.

Bearish scenario: $ETH enters a sideways consolidation between 3200 and 4000.
The Monthly 20-SMA at 2880 acts as a magnet.
Price doesn’t necessarily need to revisit it, but pushing much higher from here won’t be easy either.
So, I don’t expect ETH to make a new ATH right away — that may have to wait until August.