Ice_covo

#Ethereum – Technical Analysis (Current Price: ~$4,051) 1. Trend & Momentum - ETH recently broke above the $4,000 level, marking fresh highs for 2025 and reinforcing its bullish trajectory. On higher timeframes, the trend remains bullish, though short-term traders should watch for potential pullbacks. 2. Support & Resistance Levels Immediate Resistance Zones: - Around $3,950–$4,000, now flipped to support after the breakout. -Next significant resistance lies at $4,100, aligning with key Fibonacci extension levels. A sustained move above could pave the way toward higher targets. Support Levels: - Initial support zone near $3,900–$4,000. A break below could lead to dip-buying opportunities. - Broader structural support lies along an ascending trendline, which continues to define the bullish channel. 3. Technical Setup & Indicators - The chart structure suggests a “coiled spring” formation, with higher highs forming and a clear path upward as long as support holds. - Technical ratings remain skewed positively. On the daily timeframe, most indicators signal strong buyer momentum —moving averages are heavily in “Buy”. 4. Macro & Market Drivers - ETH continues to gain from favorable macro trends: regulatory clarity (e.g., Project Crypto, stablecoin regulation), growing dominance in DeFi, and strong ETF inflows are fueling its rally. - Despite historical patterns of August weakness, 2025 has defied expectations with record daily transactions and soaring corporate and whale accumulation. Price forecasts are multiplying: - Short-term: Some models target $4,400, requiring patience for realization. Long-term: Analysts point to average prices near $4,688 by year-end, with upside projections reaching $5,000+ — even pushing as high as $6,000–$8,000 in highly optimistic scenarios. #EthereumNews #ETHBreaks4000 Follow for daily updates, you won't regret. $ETH