$ETH /USDT – CONSOLIDATION ABOVE SUPPORT, NEXT MOVE HIGHER IN SIGHT
Ethereum is trading around $4,020 after a strong bounce from $3,850 and a rally to the $4,068 high. Price is currently consolidating just below resistance, with the MA7 ($4,021) and MA25 ($3,981) acting as short-term support zones. The MA99 ($4,068) is the key resistance level that bulls need to break for continuation.
As long as $ETH holds above $3,980 support, the bullish structure remains intact, suggesting another attempt to retest and break the $4,068–$4,100 zone. A breakout could trigger upside momentum toward $4,120–$4,170 in the next move.
Long Trade Setup:
Entry: $4,010–4,025
Targets (TP): $4,100 / $4,170
Stop Loss (SL): $3,970
$ETH is showing strength, and consolidation near resistance suggests bulls are preparing for the next leg higher.