Trend: Strong uptrend — $ETH just broke above the key $4,100–$4,200 resistance zone and is trading around $4,203.
Moving Averages:
MA(7) at $4,052 and MA(25) at $3,813 → Short-term and mid-term MAs are sloping upward, showing bullish momentum.
MA(99) at $3,720 — Price is far above long-term average, confirming trend strength.
Volume: Increasing green volume bars — suggests strong buyer participation.
Next Resistance: $4,250–$4,300 (recent high) — a breakout here could open the way toward $4,500–$4,800.
Support Levels: $4,100 (immediate), then $3,900.
Fundamental Factors
Market Sentiment: Ethereum is getting attention due to broader crypto market recovery and increased DeFi/NFT activity.
ETH 2.0 staking & L2 adoption: On-chain data shows rising staking and activity on L2 solutions like Arbitrum & Base.
Macro: If BTC stays bullish above $65K–$66K, ETH often follows with stronger percentage moves.
Signal (4H timeframe)
Bias: Bullish
Entry: If $ETH sustains above $4,200 for a few candles or retests $4,150–$4,180 and holds.
Target: $4,350 → $4,500 short-term.
Stop-loss: Below $4,080 to protect against false breakout.
If this momentum continues, ETH might test $4,500 in coming days — but watch $BTC movement closely because ETH often mirrors it.
