📈 Today, August 10th, Ethereum (ETH) maintains a firm trading around $4,227, after hitting an intraday high of $4,315. This movement confirms the breakout of an important resistance and keeps the asset on the radar of major players.
1️⃣ What the chart is showing now
Validated breakout of $4,200, which now acts as immediate support.
Strong influx of buying volume, fueled by short liquidations.
Technical indicators still show dominant buying strength, with no clear signs of exhaustion.
2️⃣ Fundamentals supporting this rise
Growing institutional interest after recovery above $4,000.
Accelerated adoption of Layer 2 solutions and strengthening of the DeFi/NFT ecosystem.
Expanding staking, reducing available supply in the market.
3️⃣ Strategic scenarios
$4,400 is the next barrier: if broken, it could pave the way to $4,800 quickly.
If buying pressure is maintained, there are short/medium-term projections for $6,000.
For those already in the trade, this is the moment to protect gains with trailing stops.
💡 Mentor's summary: In strong markets, broken supports become trampolines for new highs. Ethereum shows not only technical strength but also a fundamental context that supports this trend.
📌 Warning: This content is not a recommendation to buy or sell. Always do your own analysis.
🔍 And you? Do you think ETH will seek $4,800 before correcting?
💬 Leave your opinion in the comments.
📊 Like and follow to receive strategic analyses in real-time.
#Ethereum #ETH #Cryptocurrencies #Investment #AnáliseTécnica #Blockchain #DeFi #BinanceSquare #DeFiXpress