📉 $ETH hovering around the peak... but is it time to be cautious?
The current price is $3,717 after three unsuccessful attempts to break through the $4,000 area — a resistance that resembles a "glass wall" hit every time without success 🔄💥
🔍 Technical situation details:
- The strong resistance at $4,000 has repeatedly prevented upward momentum.
- Long-term support remains intact around $1,400.
- Breaking the medium-term support at $3,500 could accelerate entry into a broader correction 🌪️
🧠 Why is this important?
- The repeated peaks and rejections reflect behavior similar to what occurred in previous cycles before a broad correction.
- The bullish trend needs a clear breakout and stability above $4K to confirm entry into a new price phase.
- Institutional investors are waiting for stability confirmation — they do not enter on volatile candles! 💼👀
📌 Possible scenarios:
- ✅ Bullish breakout: above $4,000 → could open the way toward $4,250 then $4,600.
- ❌ New failure: break below $3,500 → risk of slipping toward $3,200 then $2,880.
📣 Watch trading volume at the bounce — without strong entry, this could turn into another technical trap.
Stay tuned for real-time updates and illustrative charts for the upcoming strength of $ETH 🔔