🚀 Ethereum Bounces Back Strong — Is $4,000 Just Around the Corner? 💥
Ethereum found solid support near $3,680 and is now showing strength once again. With bullish momentum building, $4,000 could be the next key target! 🤑📈
🔹 ETH climbed above $3,740 and $3,800
🔹 Currently trading above $3,820 and the 100-hour SMA
🔹 A breakout above a bearish trendline at $3,810 was confirmed on the hourly chart
If ETH holds above $3,800, another push higher is likely. 🔼
📊 Ethereum Eyes More Upside
Much like Bitcoin, Ethereum recently dipped from the $3,940 level, falling below key supports at $3,900 and $3,800. Bears briefly dragged it under the 50% Fib retracement of the $3,515 → $3,940 move.
But bulls stepped in at the 61.8% Fib level (~$3,680) — and ETH bounced back! 🔁
🔸 ETH now trades above $3,820
🔸 Immediate resistance at $3,880
🔸 Stronger barriers ahead at $3,920 and $3,940
💥 A breakout past $3,940 could open the door to $3,980, with short-term targets at $4,050 and $4,120! 🚀💰
🔻 What If Ethereum Drops Again?
If ETH fails to clear $3,880, a pullback could be in play:
🛑 First support: $3,800
⚠️ Key zone: $3,720
🔻 If broken, ETH may revisit $3,680 or even dip to $3,565
🚨 Worst-case short-term support: $3,500
📈 Technical Indicators
✅ MACD (Hourly): Gaining momentum in bullish territory
✅ RSI (Hourly): Above 50, showing strength
🟢 Support Levels: $3,800 | $3,720
🔴 Resistance Levels: $3,880 | $3,940 | $4,050
🔥 TL;DR: Ethereum is back in action! If bulls hold the line at $3,800, the $4K breakout could be closer than we think! 🐂💎
