Ethereum is currently trading near $4,169, drawing closer to the significant $4,200–$4,868 resistance band that was last seen during the 2021 bull cycle peak. Technical indicators suggest mounting buying interest, with robust monthly candle formations and expanding trading volume signaling increased market participation. If bulls can establish dominance above the $4,200 level, the path toward previously uncharted territory above $5,000 becomes increasingly viable.
Market Structure Analysis
The macro framework for ETH displays clear bullish characteristics. An established uptrend supported by heightened volume activity provides a compelling foundation for continued upside momentum. Breaking and maintaining positions above the $4,200 threshold could unleash an accelerated move targeting the all-time high zone, whereas slipping below support may trigger a temporary consolidation or pullback in the near term.
Trading Perspective
For traders looking to participate in this move:
Entry Zone: $4,100 – $4,180
Target 1: $4,400
Target 2: $4,868
Stop Loss: $3,880
The setup presents a favorable risk-reward profile for those positioning ahead of a potential breakout. Volume confirmation and sustained price action above key support levels will be critical confirmation signals.
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ETH Approaching Critical Resistance Zone with Strong Bullish Signals
Ethereum is currently trading near $4,169, drawing closer to the significant $4,200–$4,868 resistance band that was last seen during the 2021 bull cycle peak. Technical indicators suggest mounting buying interest, with robust monthly candle formations and expanding trading volume signaling increased market participation. If bulls can establish dominance above the $4,200 level, the path toward previously uncharted territory above $5,000 becomes increasingly viable.
Market Structure Analysis
The macro framework for ETH displays clear bullish characteristics. An established uptrend supported by heightened volume activity provides a compelling foundation for continued upside momentum. Breaking and maintaining positions above the $4,200 threshold could unleash an accelerated move targeting the all-time high zone, whereas slipping below support may trigger a temporary consolidation or pullback in the near term.
Trading Perspective
For traders looking to participate in this move:
The setup presents a favorable risk-reward profile for those positioning ahead of a potential breakout. Volume confirmation and sustained price action above key support levels will be critical confirmation signals.
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