ETHโs Next Move: Market Outlook & Analysis ๐๐ธ๐ฐ
$ETH is trading within a short-term range between approximately $3,500 and $3,750. A clean break above this range may catalyze a move toward $4,000, while failure to hold the lower boundary could see a downturn into the $3,300โ$3,100 zone.
A symmetrical triangle pattern is forming on the 4-hour chart near $3,620, often a precursor to strong directional moves. Clearing $3,700โ$3,745 could send ETH to $3,850โ$3,900, and potentially toward $4,100.
High sell pressure levels of $ETH may resist above $4,000, and potential downside could range from 25%โ35% if resistance fails to hold. Some analysts point to bearish overtones in market orders and volatility, indicating a struggle for control just below recent highs.
Bullish Breakout Price > $3,745โ$3,750 $3,900 โ $4,100+
Neutral Consolidation Range-bound $3,600โ$3,700 Maintain structure, await volume trigger
Bearish Breakdown Below $3,500โ$3,580 Down to $3,300โ$3,100
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