@turmiyati
#Ethereum – Technical Analysis (Current Price: ~$4,051)
1. Trend & Momentum
- ETH recently broke above the $4,000 level, marking a new high for 2025 and reinforcing its bullish trajectory.
On higher timeframes, the trend remains bullish, although short-term traders should be wary of a potential pullback.
2. Support & Resistance Levels
Immediate Resistance Zone:
- Around $3,950–$4,000, now transitioning into support after the breakout.
- The next significant resistance lies at $4,100, aligning with a key Fibonacci extension level. A sustained move above could pave the way for higher targets.
Support Levels:
- The initial support zone is near $3,900–$4,000. A break below could create a buying opportunity on dips.
- Broader structural support lies along the rising trendline, which continues to define the bullish channel.
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